AGC Networks Ltd. announced that the Board of the company at its meeting held on February 15, 2016, accepted the resignation tendered by Mr. Anil Nair from the designation of Managing Director and CEO of the company with immediate effect. The Board also re-designated Mr. Sanjeev Verma as Whole time Director and Chief Executive Officer of the company with immediate effect. Mr. Verma was earlier Non-executive Director of the company handling international business based out of Dallas, USA.