Mercantile Ventures Limited announced at its board meeting held on March 25, 2015, approved the appointment of Mr. Rajamani and Mr. AL Chandramouli as independent directors for a period of five years under the Companies Act, 2013 and clause 49 of the listing agreement, subject to the approval of the shareholders at the ensuing general meeting. Ms. Sashikala Srikanth has been appointed as an independent director for a period of five years under the Companies Act, 2013 and clause 49 of the listing agreement, subject to the approval of the shareholders at the ensuing general meeting. Mr. K. Gopalakrishnan has submitted his resignation to the board, due to personal reasons and the board took note of the same.