Aartech Solonics Limited announced that at its board meeting held on May 12, 2020, Mr. Anil Anant Raje has tendered his resignation from the post of Chairman and Managing Director of the company due to his personal reasons. He will cease to be the Chairman and Managing Director of the Company with effect from closing of business hours on May 12th, 2020. However, he will continue to serve as a non-executive director.

Mr. Amit Anil Raje (DIN: 00282385) has tendered his resignation from the post of Whole-time Director of the company due to his personal reasons. He will cease to be the Whole-time Director of the Company with effect from closing of business hours on May 12th, 2020. Appointment of Mr. Amit Anil Raje (DIN: 00282385) as Managing Director of the Company.

Mrs. Poonam Jaideep Mulherkar has tendered her resignation from the post of Director (non-executive woman director) of the company due to her pre-occupations. She will cease to be the Director of the Company with effect from closing of business hours on May 12th, 2020. Mrs. Arati Nath has tendered her resignation from the post of Chief Financial Officer (CFO) of the company due to her personal reasons.

She will cease to be the Chief Financial Officer (CFO) of the Company with effect from closing of business hours on May 12th, 2020. The Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee of the Company, has appointed Mr. Pradeep Vasant Narkhede as the Chief Financial Officer (CFO) of the Company for a period of 3 (Three) years with effect from May 12th, 2020 to May 11th, 2020 (both days inclusive).