Maxwell Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 17, 2008, inter alia, to approve and take on records the un-audited financial results of the Company for Quarter ended June 30, 2008 and discuss the resignation received from the Managing Director of the Company and to appoint new managing director (subject to approval by members) of the Company if Board accepts the resignation of Managing Director.