Eastern Silk Industries Limited announced that at its board meeting to be held on January 16, 2019, approved the cessation of Mr. Shyam Sunder Shah as the Managing Director of the Company, on account of his death on December 18, 2018. The Board appointed Mr. Sundeep Shah as the Managing Director of the Company subject to the approval of Shareholders in the upcoming General meeting. The Board further accepted the resignation of Mr. Ramesh Kumar Somany and acknowledged his contribution to the welfare and growth of the Company.