Symphony Ltd Announces Resignation of Himanshu Shah as Independent Director
December 30, 2015 at 05:50 pm EST
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Symphony Ltd. announced that Mr. Himanshu Shah, the Independent Director of the Company has submitted his resignation as an Independent Director of the Company with immediate effect from November 30, 2015 due to his professional engagements and commitments and inability to devote sufficient time for the participation in Board meetings and Proceedings of the Company. Accordingly, Mr. Himanshu Shah who served the Company for past six years, ceases to be the Independent Director of the Company with effect from November 30, 2015. The Company fulfils the requirement of minimum number of Independent Directors on the Board of Directors of the Company without filling the vacancy created by resignation of Mr. Himanshu Shah and accordingly, the requirement of replacement by a new Independent Director is not applicable to the Company.
Symphony Limited is an India-based air-cooling company, which is in the field of residential, commercial, and industrial air cooling and other appliances both in the domestic and international markets. The Company operates through Air Cooling and Other Appliances Business segment. Air Cooler. Its products include Residential Cooler, Commercial Coolers, Large Space Venti-Cooling, Tower Fans, Personal Cooler, Desert Cooler, Tower Cooler, and Portable Cooler. The Household Coolers products include Windblast 70 XL Desert Air Cooler, Jumbo 45DB Desert Air Cooler, Jumbo 70 Desert Air Cooler, Siesta 45XL Desert Air Cooler, Winter I Desert Air Cooler with 56L Water Tank, Winter XL Desert Air Cooler, Sumo 40 XL Desert Air Cooler, Storm C 100i Desert Air Cooler, Storm 70i Desert Air Cooler, Storm 70 XL Desert Air Cooler. Its Tower Fans include Duet Mini Personal Table Cooling Fan, Duet-I Indiaâs 1st Kitchen Cooling Fan, Duet I-S Cooling Fan, Surround-I (White) Bladeless Tower Fan, and others.