Gratex Industries Limited announced that, resignation letter was received from Mr. Karan Sharma, Managing Director of the company requesting to be relieved from the post of Managing Director of the company. However, he would continue to be the Director of the company with effect from August 7, 2017. With the change of designation of Mr. Karan Sharma, the post of the Managing Director be filled by appointing Mr. Baldevkrishan Sharma as Managing Director of the company with effect from August 7, 2017.