Lancor Holdings Limited announced that at its board meeting held on 8 November, 2019, the board approved the Mr. S. Kamalesh, independent director of the company resigned from the directorship of the company citing personal reasons. The board considered the resignation letter submitted by him and passed necessary resolutions to give effect to his resignation with immediate effect. Mr. S. Kamalesh, independent director was member of various committees of the board viz.

Audit committee, stakeholder's relationship committee, Nomination and remuneration committee and corporate social responsibility committee consequent resignation of from the board there was a requirement to reconstitute the committees of the board. Accordingly, Mr. K. Harishankar, independent director is inducted to the committees of the board and committees are reconstitute with the immediate effect. Mr. K. Prakash, chief financial officer of the company resigned from the position of the chief financial officer of the company.

The Board based on the recommendation of the Nomination and Remuneration Committee which held earlier the day accepted the resignation of Mr. K. Prakash and appointed Mr. K. Suryanarayanan as the chief financial officer of the company.