Foundry Fuel Products Ltd. has informed that the Board of Directors of the company at its meeting held on August 13, 2013 has recorded the expiry of terms of appointment of the Chairman & Managing Director, Mr. Devendra Kumar Agarwalla. Due to personal and health reasons, Mr. Agarwalla shows his unwillingness to the Board to continue in the post of CMD but to continue as a normal Director in the Board. The Board puts on record and appreciation for his valuable suggestion and guidance given to the Company during his tenure as a CMD.