The Board of Directors of Ahmedabad Steelcraft Limited in its meeting held on June 28, 2024 announced the appointment of Mr. Sunil Dutt Pandey (DIN: 06972473) as an Additional Director (Non- Executive, Non-Independent) under the promoter category effective from . June 28, 2024, on recommendation of the Nomination and Remuneration Committee. Mr. Sunil Dutt Pandey is a high school graduate.

He has an experience of 9 Years and specializes in managing turnkey projects, handling all aspects from planning to execution with a focus on quality and efficiency. He is experienced in civil construction, particularly in tower foundation and infrastructure development, ensuring robust and sustainable structures in the field of Power Transmission and Power Distribution. Mr. Sunil Dutt Pandey is father of Mr. Rohit Pandey and Father-in-Law of Mrs. Preeti Punia.

Mrs. Preeti Punia (DIN: 10684352) as an Additional Director (Non-Executive, Non-Independent) under the promoter category effective from June 28, 2024, on recommendation of the Nbmination and Remuneration Committee. Mrs. Preeti Punia is an Intermediate, a high school graduate. She has an experience of 2 Years and specializes in handling HR and administration Department.

Mrs. Preeti Punia is spouse of Mr. Rohit Pandey and Daughter- in-Law of Mr. Sunil Dutt Pandey. The board further announced the resignation of Mr. Anand Vipinchandra Shah (DIN: 0001745) from the office of Managing Director and Director of the Company effective from June 28, 2024 who resigned due to change of management. Resignation of Mr. Darshan Ashokbhai Jhaveri (DIN: 00489773) from the office of Managing Director and Director effective from June 28, 2024 who resigned due to change of management.

Consequently, he shall also cease to be a Member of the Audit Committee and Stakeholders Relationship Committee of the Company. Resignation of Mr. Anand Navinchandra Jhaveri (DIN: 00489833), from the office of Whole time Director and Director effective from June 28, 2024 who resigned due to change of management. Resignation of Mrs. Nitaben Girishchandra Shah (DIN: 03225876), from the office of Whole time Director and Director effective from June 28, 2024 who resigned due to change of management.

Resignation of Mr. Kartikeya Shashankbhai Shah (DIN: 01988972), from the office of Whole time Director and Director effective from June 28, 2024 who resigned due to change of management. Resignation of Mr. Aniruddh Darshanbhai Jhaveri (DIN: 08076497), from the office of Director effective from June 28, 2024 who resigned due to change of management. Consequently, he shall also cease to be a Member of the Stakeholders Relationship Committee of the Company.

Resignation of Mr. Ashok Chandrakant Gandhi (DIN: 00022507), from the office of Chairman and Independent Director effective from June 28, 2024 who resigned due to change of management. Consequently, he shall also cease to be a Member of the Audit Committee and Nomination and Remuneration Committee of the Company. Resignation of Mr. Shreyas Chinubhai Sheth (DIN: 00009350), from the office of Independent Director effective from June 28, 2024 who resigned due to change of management.

Consequently, he shall also cease to be a Member of the Nomination and Remuneration Committee of the Company. Resignation of Mr. Shrujal Sudhirbhai Patel (DIN: 02087840), from the office of Independent Director effective from June 28, 2024 who resigned due to change of management. Consequently, he shall also cease to be a Member of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee of the Company.