DFM Foods Limited considered and approved the appointment of Mr. Lagan Shastri as an Additional Director with effect from January 22, 2020 and shall hold office up to the date of the next AGM of the Company or the last date on which the AGM should have been held, whichever is earlier. Further, Mr. Lagan Shastri (DIN: 07486454) has also been appointed and designated as Managing Director and the Chief Executive Officer (Key Managerial Personnel) for a period of 5 years effective 22nd January, 2020, subject to the shareholders' approval. Further, the company informed that Mr. Mohit Jain, Director designated as Managing Director has resigned with effect from the end of 22nd January, 2020.