PSL Ltd. announced that the Board of Directors of the company at its meeting held on May 30, 2014, has accepted the resignation submitted some time back by Shri M. M. Mathur, a Whole Director of the company. Since Shri M. M. Mathur was relived from all duties/responsibilities on May 31, 2014, he ceased to be in employment with effect closed of working hours on May 31, 2014. Ms. Geeta Poojari has been appointed as 'Nominee Director' on the company's Board by Exim Bank from whom the company has availed some financial assistance.