Oricon Enterprises Limited at its Board meeting held on August 14, 2018 announced resignations of Mr. Sanjay Dosi, Mr. V.N. Khanna, Mr. S.l. Taparia, Mr. Surendra Somani and Mr. S.J. Parekh as Director of the Company with immediate effect. The company appointed Mr. Varun Somani, Mrs. Mamta Biyani, as an Independent Director, Mr. Vikram Parekh, as an Independent Director and Mr. Vijay Bhatia, as an Independent Director. The appointments are subject to the approval of the members of the company in the forthcoming Annual General Meeting. Mr. B.K. Toshniwal, is appointed as an Executive Director of the company for a period of 3 years commencing from September 01, 2018 to August 31, 2021, subject to the approval of the members of the company in the forthcoming Annual General Meeting.