Gujarat Foils Limited received an intimation dated September 3, 2019 from Mr. Rahul Singh, Company Secretary & compliance officer and Mr. Jitendra Jain, Chief Financial Ofiicer (CFO) tendering resignation from the company with immediate effect and tendered to Mr. Alok Kailash appointed as Resolution Professional by the Committee of creditors in its meeting held on January 4, 2018 for conducting the CIRP in the matter of the company.