PRAKASH STEELAGE LTD. - Change in Directorate

Prakash Steelage Ltd has informed BSE about the following Change in the constitution of the Board of Directors / Key managerial Personnel, with effect from August 01, 2015:<BR><BR>1. Mr. Ashok M Seth, resigned as a Whole-Time Director and Chief Financial Officer of the Company, on his appointment as an Executive Director of Tubacex Prakash India Private Limited with effect from August 01, 2015 in terms of Clause 8.1 of the Joint Venture Agreement executed between the Company and Tubacex S.A.; and<BR><BR>2. Mr. Kamal P Kanugo. resigned as a Whole-Time Director of the Company on his appointment as an Executive Director of Tubacex Prakash India Private Limited with effect from August 01, 2015, in terms of Clause 8.1 of the Joint Venture Agreement executed between the Company and Tubacex S.A.<BR><BR>Further it may be noted that Ashok M Seth and Mr Kamal P Kanugo are now continuing only as Directors on the Board of the Company