Uni Abex Alloy Products Ltd. announced that the Board of Directors of the Company at its meeting held on November 13, 2014, has redesignated Mr. Kishore K. Tamhaney, Chief Operating Officer as the Chief Executive Officer (CEO) of the company with effect from January 01, 2015 as recommended by the Nomination and Remuneration Committee. Mr. M. K. Fondekar, Executive Director whose term is getting completed on December 31, 2014 will continue as a Non Executive Director of the Company with effect from January 01, 2015.

The company's plant at Dharwad is fully functional which has modern facilities of manufacturing and having larger capacity which is expected to yield improved results. The Board of Directors have approved the plan for shifting the production activities of the company to its Dharwad plant with effect from January 1, 2015. Consequently all production activities of the company at Thane plant will get terminated.