Rainbow Denim Limited announced that Mr. Haresh D. Ramsinghani has resigned as Managing Director with effect from May 31, 2017 and shall continue to act as chairman of the company with effect from June 01, 2017 and Mr. Satinderjit Singh Arora has been appointed a whole time director of the company with effect from June 01, 2017 and resigned as CFO with effect from May 31, 2017.