Jhunjunwalla, Ramachandran resign from REL Board
Wednesday, January 19 2005 15:13 Hrs (IST) - World Time - 
Mumbai:
Amitabh Jhunjunwalla, a nominee of Reliance Industries Ltd on the board of Reliance Energy Ltd, has resigned from the board.
The resignation of Jhunjunwalla has been accepted by the board, a company spokesman said today (Jan 19, 2005).
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Jhunjhunwalla, had already resigned as a treasurer of RIL.
The board of Reliance Energy Ltd also approved the resignations of J Ramachandran, an independent director.
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Ramachandran in his resignation said, "Given the recent developments and some comments regarding my independence, I thought it best to resign as a director for higher standards of corporate governance require not independence just in terms of fact, but even more importantly, independence in terms of perception."
PTI
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