Colorchips New Media Limited informed that Mr. Srinivasa Murthy Banda (Holding DIN: 03165686) has tendered his resignation as Non-Executive Independent Director of the Company with effect from 14 February, 2024 due to personal and unavoidable circumstances. Further, the Company has received confirmation from Mr. Srinivasa Murthy Banda that there is no material reason for his resignation other than those mentioned in his resignation letter dated 14 February 2024.