Bullish Bonds & Holdings Limited announced that the Board of Directors of the company, at its meeting held May 22, 2018 has appointed Mr. Shafi Mohammad as Chairman and Additional Director (Executive Director) of the company; Mr. Mohammed Ajaz Shafi as Additional Director (Executive Director) of the company; Mr. Mohammed Ajaz Shafi as Managing Director & Chief Executive Officer (CEO) of the company; and Mr. Saood UL Hasan as Additional Director (Independent Director) of the company. The above appointment of Directors is subject to approval from the Members in General Meeting. The company approved resignation of Mr. Mitesh Dani as Managing Director of the Company and pre-conclude his tenure as such with effect from May 12, 2018.

The company also approved resignation of Mr. Nikunj Chheda as Independent Director of the Company. The company also approved the resignation of Mr. Sanjiv Panchal as Director of the Company.