Foseco India Limited announced that the board of Directors, based on the recommendation of the Nomination & Remuneration Committee, approved the appointment of Mr. Ravi Kirpalani as a Non -Executive Independent Director (Additional Director) for a period of 5 years with effect from 26 October 2018, subject to the approval of the shareholders of the company at the next annual general meeting to be held in the year 2019. Additionally, he has been appointed the chairperson of the company. The board of directors hereby affirmed that Mr. Ravi Kirpalani is not debarred from holding the office of director by virtue of any order passed by SEBI or any other such authority and is therefore not disqualified to be appointed as a Director. Ms. Merry! France Durrenbach, a Non-Executive Director, was one of the Director nominated by Foseco Overseas Limited, the holding company. Due to a change in her role and responsibilities, she is unable to shoulder the responsibilities of Directorship in the Company, and therefore, the holding company has withdrawn her nomination as a Director from the Board of the Company. Accordingly, Ms. Merry! France Durrenbach, has tendered her resignation from the Directorship of the Company, that took effect from the conclusion of the Board Meeting held today. The Board has accepted her resignation and recorded its appreciation of her valuable contribution during her tenure as a Director. Mr. Kirpalani is working as the Managing Director an,d CEO of thyssenkrupp India Private Limited since March 2016.