KSL and Industries Ltd. announced at its board meeting held on February 9, 2013 has approved the resignation of Shri. Ajay Ramesh Gupta from the post of Directorship the Company with effect from December 14, 2012. Passed the resolution for the Re-constitution of the Management & Finance Committee of the Company due to the resignation of Shri.

Ajay Ramesh Gupta as Member of the Committee & Shri Rajshekhar Ganiger has been appointed as Member of the Committee in his place. Passed the resolution for the Re-constitution of the Shareholders'/Investors' Grievance Committee of the Company due to the resignation of Shri Ajay Ramesh Gupta as Member of the Committee & Shri Manoj Kumar Sharma has been appointed as Member of the Committee in his place.