SRS Finance Limited at its Board of Directors meeting held on Sep. 8, 2017, approved the appointment of Sh. Ashutosh Singh as CEO of the company, effective Sep. 8, 2017 till Dec. 6, 2017 (90 days), mainly to facilitate Restructuring of Debt, recoveries/settlement from debtors, to deal with Private Equity Investors/Funds, Introduction of new investors for repayment of Bank Loans and increase in the profitability of company's Business. Further, the appointment shall stand terminated if within 90 days, the purpose of the appointment is not achieved and in case the company is satisfied then tenure may be extended further as decided by mutual consent.