Wheel & Axle Textiles Ltd. announced that at the board of directors meeting held on July 27, 2015, the board approved the appointment of following persons as additional Directors of the Company with immediate effect: Mr. Harish F. Sawlani as Executive Director, Mr. Murii F. Sawlani as Executive Director, Mr. Vasudev F. Sawlani as Executive Director and Ms. Reena harish sawlani as Non Executive Director under promoter Category. Mr.Kirankumar N Doshi as Non Eexcutive Director, Mr.Viral Suryakant Vora as Non Execurive Director under Independent category. Further, the Board has approved resignation of the following Directors with immediate effect.

Mr. Suhail P. Shah, Smt. Shilpa P. Shah, Mr. Harjibhai P. Dhaduk and Mr. Harish B. Bharucha. Further, resignation of Mr. Rupesh V. Diwan as Chief Financial Officer (CFO) of the company has been accepted with immediate effect.