In a filing to the Bombay Stock Exchange (BSE) the company said Ajikawa, who was serving as Managing Director and Director of the company, has resigned from the post.

Takashi Mikami has been appointed as additional director and Managing Director with effect from today, it added.

The company also said its board of directors have decided to delist the company from the Pune Stock Exchange.

"The board of directors has resolved for voluntarily delisting the company's equity shares from 'The Pune Stock Exchange' with out giving any exit opportunity to its existing shareholders," Sharp India said.

The company said it will remain listed on the BSE.
Sharp India closed at Rs 28.5 on the BSE, down 1.55 per cent from the previous close.