Gangotri Textiles Ltd. announced that IDBI vide its Letter dated May 14, 2012 has informed that Sri. Sri. G.V. Chandra Bhaskar has been appointed as Nominee Director of IDBI Bank Limited on the Board of the company with effect from May 28, 2012 in the place of Sri. J.B. Sivakumar. Accordingly, Sri. G.V. Chandra Bhaskar was appointed as Nominee Director of IDBI Bank Ltd. on the Board of the company in the place of Sri. J.B. Sivakumar in the Board Meeting held on May 29, 2012 and Sri. J.B. Sivakumar has been ceased to be a Nominee Director with effect from May 29, 2012.