The board of directors of Pratik Panels Limited at their meeting held on July 19, 2021, approved the following: pursuant to the open offer and change in control and management and on the recommendation of the nomination and remuneration committee the board of directors have changed the designation of Mr. Pankaj Chandrakant Mishra from non-executive director to whole time director of the company for a team of 3 years with effect from July 19, 2021 subject to approval by the shareholders of the company; and appointed Mr. Nikhil Vishambharlal Vyas an Mr. Piyush Upadhyay as a non-executive additional independent directors for a period of 5 years with effect from July 19, 2021 in place of resigned non-executive independent directors subject to shareholders approval in the upcoming annual general meeting. Pursuant to the open offer and change in control and management, the following Directors and KMP have tendered their resignation w.e.f. 19th July, 2021: Mr. Kulmeet Sarup Saggu (DIN: 06718348) and Mr. Jayesh Jethalal Shah (DIN: 00218776) have tendered their resignation from the post of Independent Directors of the Company.