Board of Directors of the Elitecon International Limited at their meeting held April 12, 2022 approved that on April 12, 2022 received from Mr. Achal Kapoor Independent Director from the Directorship of the Company effective April 12, 2022. Mr. Achal Kapoor has confirmed that he is resigning from the directorship due to other commitments and that there is no other material reason for his resignation. Names of listed entities in which Mr. Achal Kapoor holds directorships, indicating the category of directorship and membership of board committees is enclosed as Annexure-2.