Sanghvi Brands Limited informed that Dr. Rajesh Srinivas Bail, Chief Executive Officer (CEO) of the Company has given a notice of resignation from the services of the Company on account of personal reason, which has been accepted by the Company. Dr. Rajesh Srinivas Bail, will continue to serve in his current position as CEO and Key Managerial Personnel of the Company until February 28, 2021 (closing hours), being the applicable notice period in accordance with Company policies and shall be relieved with effect from such date. The Company is in the process of appointing a new CEO and the same will be communicated to the stock exchanges in due course. The Company places on record the valuable contribution of Dr. Rajesh Srinivas Bail during his tenure as CEO.