RNAVAL

Pipavav Shipyard Limited has informed the Exchange that Export-Import Bank of India has appointed Mr. David Rasquinha as its Nominee Director on the Board of Directors of the Company, in place of Mr. R. M. V. Raman with effect from April 25, 2011.

Pipavav Shipyard Limited has informed the Exchange that as part of strategic corporate restructuring Mr. Jai Prakash Rai, the ex-Chief Executive Officer of Pipavav Shipyard Limited ('the Company') has moved as Group Chief Executive Officer of SKIL Infrastructure Limited, the promoters of the Company w.e.f. July 1, 2010. Further, Cmde (Retd) M. Jitendran, VSM has been appointed as the Chief Executive Officer of the Company w.e.f. July 1, 2010. Prior to joining the Company, Cmde (Retd) M. Jitendran was the Chairman & Managing Director of Cochin Shipyard Limited for around eight years. Before tha

Pipavav Shipyard Limited has informed the Exchange vide its letter dated April 30, 2010 that Mr. Michael P. Pinto, Independent Director, has resigned from the Board of Directors of the Company with immediate effect.

Pipavav Shipyard Limited has informed the Exchange that "Mr. Atul Punj, Co-Chairman & Non-Executive Director and Mr. Luv Chhabra, Non-Executive Director of Pipavav Shipyard Limited ('the Company') have tendered their resignation from the Board of Directors of the Company with effect from March 27, 2010".

Pipavav Shipyard Limited has informed the Exchange that Mr. Mahesh Gandhi has resigned from the Board of Directors of the Company with immediate effect.