Board nods relieving Premsingh Sawhney as Wholetime Director of Deep Industries from Jan 1, 2017

AHMEDABAD | MUMBAI | RAJKOT – The company board of Deep Industries Ltd met today and approved request of Premsingh Mangatsingh Sawhney to cease his designation as wholetime director of the company vide his request letter shown his unwillingness to continue on same position, due to his busy schedule and commitment in other functional activities, the board of directors of the company at their meeting held today accepted his letter of request of change in designation with effect from January 1, 2017, the company statement said.

Deep Industries Ltd is Ahmedabad headquartered company in oil-gas sector providing equipment services to exploration and production companies and has also ventured into oil-gas exploration & production by participating in National Exploration Licensing Policy (NELP) bidding for oil-gas blocks and coal bed methane gas projects.

Company update was out after trading session closed on Indian bourses, shares of Deep Industries ended in red on negative counters on The Bombay Stock Exchange and in green on positive riders on The National Stock Exchange.


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