Avon Mercantile Limited announced that Mr. Ramesh Chandra Agarwal, an Independent Non-Executive Director, on the Board of the Company has tendered his resignation which has been accepted by the Board with effect from June 30, 2019 by way of resolution passed by circulation on July 21, 2019. Consequently, he also ceases to be a member of the Audit Committee, Stakeholder Relationship Committee, Nomination & Remuneration Committee.