The Board of Directors of Swelect Energy Systems Limited at their meeting held May 10, 2018 approved the following: Mr. V.M. Sivasubramaniam, Independent Director has tendered his resignation as a Director and Chairman of the company due to personal reasons and the Board of Director of company has accepted his resignation, effective 26 April 2018. Mr. S. Annadurai, Independent Director of the company, was appointed as the Chairperson of the Board of Directors of the company, effective 10 May 2018.