The Board of Directors of Thakral Corporation Ltd. announced the appointment of Mr. Bikramjit Singh Thakral ("Mr. Bikram") as a Non-Independent Non-Executive Director and a member of the Company's Nomination Committee and Investment Committee with effect from 2 January 2020 and his cessation as Alternate Director to Mr. Kartar Singh Thakral with effect from 1 January 2020, a position he has held since 5 July 2013. Mr. Bikram is the Chief Executive Officer and Director of Thakral One Pte Ltd. Prior to joining the Thakral Group of Companies. With effect from the appointment of Mr. Bikram as a member of the Nomination Committee and Investment Committee of the Company, Mr. Kartar has stepped down as a member of the Nomination Committee of the Company.