Dwarikesh Sugar Industries Limited has informed that the board of directors of the company at its meeting held on August 09, 2012, has approved resignation of S. S. Vaidya from directorship of the company on account of his professional commitment & thus inability to continue. Further, the board approved notice of extra ordinary general meeting scheduled to be held on September 10, 2012 pertaining to reclassification of share capital of the company and to amend capital clauses of MOA and AOA of the company and issue 1,000,000 cumulative redeemable preference shares of INR 100 each.