The Board of Monarch Networth Capital Limited announced that at its board meeting held on February 12, 2016, accepted the resignation of Mr. Suresh Pukhraj Jain (Non-Executive Director) from the Directorship of the company effective February 12, 2016. Pursuant to resignation of Mr. Suresh Pukhraj Jain, the Board has appointed Mr. Vaibhav Shah, Managing Director as the Chairman of the company.