Vardhman Industries Limited announced that approving the Resolution Plan submitted by JSW Steel Limited as approved by the committee of creditors of Vardhman Industries Limited in the corporate insolvency resolution process of the Company, the existing Board of Directors of the company shall stand vacated and be replaced by the members nominated by the JSWSL with effect from the date of approval of the Resolution Plan. Accordingly, the following persons have been nominated by JSWSL and they constitute the Board of Directors of the company effective from December 19, 2018: Kaustubh Kulkarni; Chandrasekaran Prabhakaran; and Ashwani Kumar Sharma. Kaustubh Kulkarni is the Group head – M&A and strategic Financing at JSW Steel Ltd. C. Prabhakaran is currently the financial controller of JSW Steel Limited and its Subsidiaries. He has experience of over 19 years in the field of Finance and Accounting, Business Control, Treasury, taxation and Regulatory Compliance. Ashwani Kumar Sharma serve as associate Vice President, JSW Steel, handing domestic sales of coated products.