Rainbow Papers Ltd. announced that the Board of Directors of the company at its meeting held on August 12, 2015 that, Shri Indrasinh B. Zala has been appointed as an additional director on the board of the company as Independent Director for a period of 3 years subject To Approve the shareholders in general meeting.

The company also announced that the dividend recommended by the Board of Directors at INR 0.20 per equity share of INR 2 each at its meeting held on May 29, 2015, has been revoked by the Board of Directors as the permission has not been granted by the Lending Banks/Financial Institutions for the same.