Kiri Industries Limited announced that State Bank of India, Overseas Branch, Ahmedabad in letter dated August 25, 2014 has informed to the company regarding withdrawal of their nominee director Mr. Jayanta Kumar Sinha with effect from August 25, 2014 to assignment of the company's debts by State Bank of India in favour of Assets Reconstruction company. Mr. Jayanta Kumar Sinha was appointed as Nominee Director on behalf of State Bank of India on Board of the Company with effect from August 12, 2013, and he ceases to be the Director of the company upon his withdrawal by the State Bank of India.