Nilkamal Limited informed that as per the terms of appointment, Mr. K. R. Ramamoorthy (DIN: 00058467), Mr. Mahendra V. Doshi (DIN: 00123243), Mr. Mufazzal S. Federal (DIN: 03409798) and Mr. Sarvadaman K. Palekar (DIN: 01723670) on June 27, 2024, completes their second term as Independent Directors of Nilkamal Limited and accordingly ceases to be an Independent Directors and Members of the Board of Directors of the Company with effect from end of the day on June 27, 2024. The Board of Directors and the Management of the Company place on record their deep appreciation for the contributions made by Mr. K. R. Ramamoorthy, Mr. Mahendra V. Doshi, Mr. Mufazzal S. Federal and Mr. Sarvadaman K. Palekar during their association with the Company over the years.