JBF Industries Limited at its board meeting held on November 14, 2018, the shareholders announced that Mr. N K Shah, Director-Commercial will be promoted to hold the position of Vice-Chairman and Managing Director of the company and Mr. S N Shetty, will be appointed as Additional Executive Director-Legal & Admn and Mr. Sanjay Thapliyal will be appointed as Additional Executive. Director-Operations and as an Occupier. On retirement of Mr. Rakesh Gothi, as CEO & Managing Director, Mr. Arun Shah, CFO, will take up the responsibility of CEO of the company.

However, Mr. Gothi will continue as advisor to the Board.