The Board of Directors of Morarjee Textiles Limited at its meeting held on 30th July, 2021, has approved resignation of Mr. R. K. Rewari (DIN: 00619240) as the Managing Director of the Company is submitted to the company on 30th July, 2021 and is effective from 31st August, 2021. Appointment of Mr. Amresh Narayan as the Chief Executive Officer of the Company with effect from 4th August, 2021. Mr. Narayan is not related to any of the Directors of the Company. Mr. Amresh Narayan holds bachelor's degree in Textile Chemistry and Masters in Marketing from the University of Magadh. In his 29+ years career, Mr. Amresh has worked extensively in the textile industry and has held several leadership positions including his previous position as Business Head for Nandan Denim (Shirting Division). He has acquired expertise in establishment of new products in the market, improving customer base and enhancing brand image. He possesses extensive experience in business development, key account management, inventory management, outstanding management and channel management.