Jaiprakash Associates Limited announced that Shri Shailesh Verma, Nominee Director of State Bank of India on the Board of the company, has since resigned from the Board with effect from 14th May, 2018. Further, it has been mentioned that the details of the new Nominee Director to be appointed by the bank in place of Shri Shailesh Verma, shall be advised in due course. Accordingly, in terms of Section 168(2) of the Companies Act, 2013, Shri Shailesh Verma ceases to be Director of the company with effect from 18th May, 2018.