Shirpur Gold Refinery Ltd. announced that the Board of Directors of the company at its meeting held on November 05, 2012, has approved re-constitution of Audit Committee, Remuneration Committee & Share Transfer and Investors Grievances Committee of the Board by inducting Mr. Manoj Agarwal as the Member and Chairman of the said Committee. The Board of Directors approved the appointment of Mr. Subhash Pareek, as Manager of the company.

The board of directors also approved the formation of a wholly owned subsidiary in Mauritius.