Sungold Media and Entertainment Limited announced that at the board of directors meeting held on December 11, 2019, approved the resignation of Mr. Daiv Kotia, from designation n of Whole Time Director of the company effective from December 11, 2019, Mr. Raj Kotia from the post of CFO (Chief Financial Officer) of the company with effect from December 11, 2019, Mr. Keyur Gandhi from the post of Chairman of the company with effect from December 11, 2019 however he shall continue to act as Non-Executive director of the company. The company board also approved the Mr. Raj Kotia, Managing Director of the company is hereby appointed as the Chairman of the company with effect from December 11, 2019, and appointment of Mr. Jayesh Patni as the CFO (Chief Financial Officer) of the company with effect from December 11, 2019.