The Board of Directors of the Indian Energy Exchange Limited at its meeting held on May 24, 2019, accepted the resignation of Mr. D K Mehrotra, Chairman and Non- Executive Independent Director of the company, who has tendered his resignation on May 22, 2019 from the Board of the company, accordingly Mr. Mehrotra ceased to be a Director of the company with effect from May 22, 2019. The board also approved the appointment of Mr. Rajiv Srivastava as an Additional Director on the Board of the company effective from June 03, 2019 and designated him as a Whole-time Director of the company, and going forward Mr. Srivastava will take over as the Managing Director & CEO of the company effective from July 21, 2019, in place of Mr. S N Goel whose term is expiring on July 20, 2019; Further, decided that Mr. S N Goel, MD & CEO of the company, post expiry of his present term as MD & CEO will be elevated as the Chairman of the Board with effect from July 21, 2019 and categorized as Non-Executive Director of the company.