Nilkamal Limited at the board meeting held on June 28, 2020, approved the resignation of Mr. Sharad Y. Parekh (DIN 00035747) as the Managing Director of the Company from the close of the 14th day of August, 2020 and appoint him as Non-Executive Director and Chairman of the company with effect from August 15, 2020. The said appointment will be subject to members' approval at the ensuing 34th Annual General Meeting. Brief profile of Mr. Sharad Y. Parekh, is enclosed herewith. Elevation ofMr. Hiten V. Parekh (DIN 00037550) by re-designating him as the Managing Director of the Company effective from August 15, 2020.