Alicon Castalloy Limited informed that the tenure of office of Mr. A.D. Harolikar (DIN:- 00239460) and Mr. Vinay Punjabi (DIN:- 00053380) as Independent Directors shall expire on 31st March 2024. Mr. Harolikar was associated with the Company since the Company went public in the year 1995 and Mr. Vinay Panjabi was associated with the Company since April, 2005. The Board hereby would like to place on record its appreciation for their contribution in the growth of the company so far.