Anshuni Commercials Limited at its board meeting held on May 4, 2022, announced that Kanhai Shah, Independent Director has resigned from the Board of Directors with effect from May 4, 2022, Resignation due to personal reasons and there is no other material reason for resignation. Hardik Shah, Independent Director has resigned from the Board of Directors with effect from May 4, 2022, Resignation due to personal reasons and there is no other material reason for resignation. The board has appointed Anjali Patil as an Additional Director (Non-Executive & Independent) of the Company based on the recommendation of the Nomination and Remuneration Committee, to be effective from May 4, 2022, which shall be subject to the approval of shareholders within three months from the date of their appointment by Board.

The board has appointed Goutam Gupta of the Company based on the recommendation of the Nomination and Remuneration Committee, to be effective from May 4,2022, which shall be subject to the approval of shareholders within three months from the date of their appointment by Board. The Nomination and Remuneration Committee has been reconstituted due to the resignation of Kanhai Shah and Hardik Shah from being the member of the Nomination and Remuneration Committee and in their place Anjali Patil and Goutam Gupta, Additional Director (Non-Executive & Independent Director) have been appointed as the member of the Nomination and Remuneration Committee with effect from May 04, 2022. The Audit Committee has been reconstituted due to the resignation of Kanhai Shah and Hardik Shah from being the member of the Audit Committee and in their place Anjali Patil and Goutam Gupta, Additional Director (Non-Executive & Independent Director) have been appointed as the member of the Audit Committee with effect from May 04, 2022.

The Stakeholder Relationship Committee has been reconstituted due to the resignation of Kanhai Shah and Hardik Shah from being the member of the Stakeholder Relationship Committee and in their place Anjali Patil and Goutam Gupta, Additional Director (Non-Executive & Independent Director) & Additional Director (Non-Executive & Independent Director) have been appointed as the member of the Stakeholder Relationship Committee with effect from May 04, 2022.