The Board of Directors of Valecha Engineering Limited at their meeting held on 27th August, 2022 has considered and approved/taken on record the following: Mr. Tejas Deshpande resigned as a Non-Executive & Independent Director and the Board accepted the same. Ms. Swati Jain, Qualified Company Secretary having 7 years' experience in Company Law and Corporate laws has been appointed as an Additional, Non-Executive's Independent Director with effect from 27.08.2022.Consequent upon the resignation of Mr. Tejas Deshpande as Non-Executive 8s Independent Director Mrs. Lalna B. Takekar Non-Executive Director has been appointed as Chairperson of the Audit Committee, Nomination & Remuneration Committee's Stakeholders Relationship Committee.