Polygenta Technologies Limited announced that at its Board Meeting held on 14th February 2017, it was decided to appoint Mr. Rakesh Gaikwad as Chief Financial Officer (CFO) of the company with effect from 14th February 2017. Rakesh is company secretary with 7 years of experience in field of accounts and finance. The company further announced that Mr. Fredrik Wijkander, Swedfund International AB's Nominated Director to Polygenta's Board pursuant to the terms of Swedfund International AB's ECB loan to Polygenta, has stepped down as Director with effect from 14th February 2017, following Swedfund's divestment and assignment of this loan.