Engineers India (EIL) said on Wednesday that Dr. Christy Fernandez, non-official part-time (independent) director has submitted his resignation to the company w.e.f. Feb. 28, 2014.
The stock had underperformed the market over the past one month till Mar. 18, 2014, falling 15.90% compared with the Sensex's 5.81% rise.
It underperformed the market in past one quarter, declining 7.47% as against 4.66% rise in the Sensex.
Shares of the company declined Rs 2.8, or 1.48%, to settle at Rs 186.30. The total volume of shares traded was 232,103 at the BSE (Wednesday).