Universal Autofoundry Limited announced that the board of directors of the company has, based on the recommendation of the nomination and remuneration committee at its meeting held on December 23, 2022, accorded its approval for appointment following are the changes in KMP with effect from December 23, 2022. Mr. Kishan Lal Gupta resigned from the position of Chairman and shall continue as Whole Time Director of the company. The date of cessation is December 23, 2022.

Mr. Kishan Lal Gupta is a promoter of the Company and was re-appointed as Chairman and Whole Time Director with effect from October 29, 2020 for five years. Mr. Gupta resigned from the position of Chairman with effect from December 23, 2022 and agreed to continue as whole time director of the Company for remaining term. Mr. Vimal Chand Jain appointed as Chairman new position- Chairman & Managing Director (CMD).

The date of appointment is December 23, 2022. As Mr. Kishan Lal Gupta resigned as Chairman, to fill up the position Board decided to appoint Mr. Vimal Chand Jain as Chairman of the Board along with his current position as Managing Director in the Company. Mr. Vimal Chand Jain is a Promoter & Managing Director of the company.

Ms. Ishu Jain appointed as Company Secretary of the company in terms of Section 203 of Companies Act 2013 and as the Compliance Officer in terms of Regulation 6(1) of SEBI (LODR) Regulations, 2015. The date of appointment is December 23, 2022. Ms. Ishu Jain is a Qualified Company Secretary and member of The Institute of Company Secretary of India.

She is also Law Graduate. She has more than 8 years of experience in Secretarial, Legal, Compliances and other corporate matters. She was also associated with the Company as CS from June 2015 to January 2022.