Ferro Alloys Corporation Ltd. has informed that the Board of Directors of the company at its meeting held on January 28, 2013, accepted the resignation tendered by Mr. Vineet Saraf, Joint Managing Director with effect from the closing hours of January 31, 2013. Further, the Board has, subject to the approval of the shareholders of the Company, appointed Mr. Vinod Saraf as Joint Managing Director, with effect from February 01, 2013 for a period of 5 Years.