Seardel Investment Corporation Limited announced that Mr. Yunis Shaik's designation on the Seardel board of directors has changed from independent non-executive director to non-executive director, further to his appointment as an executive director of Hosken Consolidated Investments (HCI) as announced on March 19, 2014. As a result of the above, Mr. Shaik has tendered his resignation as a member of Seardel's audit committee, with immediate effect.