The board of directors of Euro Multivision Ltd. at its meeting held on July 18, 2016, accepted resignation of Mr. Raja Babu kalla, whole time director of the company and accepted him as chief financial officer of the company, effective July 18, 2016. The company also accepted resignation of Mr. Hitesh Shah, chief financial officer of the company and appointed him as additional director of the company, effective July 18, 2016. He was further appointed as Chairman and Whole-time Director of the company for a period of 5 years, effective July 18, 2016, subject to the approval of members in the ensuing AGM.