Sharda Motor Industries Limited announced demise of Shri Satinder Kumar Lambah, Non-Executive Independent Director of the Company on June 30, 2022.Consequent to his demise, he ceases to be Chairperson of the Stakeholders' Relationship Committee and Nomination & Remuneration Committee and member of the Audit Committee, the Corporate Social Responsibility Committee and the Risk Management Committee of the Company. Date of appointment cessation is June 30, 2022.