Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Facor Alloys Limited at their meeting held on 9th April, 2024 has approved the appointment of following persons as an Additional Directors on the Board of the Company with effect from 9th April, 2024: Appointment of Mr. Murlidhar Durgaprasadji Saraf (DIN: 00011966) as an Additional Director (Non-executive - Non-independent). Appointment of Mr. Gaurav Saraf (DIN: 00197231) as an Additional Director (Non-executive - Non- independent). Mr. Murlidhar Durgaprasadji Saraf is a businessman having in-depth experience of Ferro Alloys industry. Mr. Gaurav Saraf is having rich
experience of managing the businesses.