Dolat Investments Ltd. announced that the term of office of Mr. Harendra D. Shah, Managing Director, expires on May 31, 2013 and Mr. Harendra D. Shah, expressed not to re-appoint him, as Managing Director of the company. However, Mr. Harendra D. Shah, agreed to continue to remain on the Board as a Non Executive Director of the company. The Board of Directors, at their meeting held on May 24, 2013, subject to approval of shareholders, appointed Mr. Rajendra D. Shah, Director of the company, as Managing Director of the company for a period of five years with effect from June 01, 2013.