Alicon Castalloy Limited announced that the Board of Directors of the Company in its Meeting held on 26 March 2024, has transacted the following business. Approved the Appointment of Mr. Ajay Nanavati, Non-executive Independent Director as the Chairman of the Board with immediate effect. As recommended by of nomination and remuneration committee, appointed Mr. Jitendra Punjabi as Additional Non-Executive Director with immediate effect.

Re-consutituted the following Committees of the Board of Directors which will be effective from 1st April 2024 owing to the change in composition of Board of Directors. ACM: Mr. Veena Mankar as Chairperson, Mr. Jitendra Punjabi, Mr. Ajay Nanavati as members, NRC: Mr. Ajay Nanavati as Chairperson, Ms. Pamela Rai, Ms. Veena Mankar as members, RMC: Mr. Jitendra Punjabi as Chairperson, Mr. Ajay Nanavati, Ms. Veena Mankar as Members, CSR: Ms. Veena Mankar as Chairperson, Ms. Pamela Rai, Mr. Ajay Nanavati as Members, SRC: Ms. Veena Mankar as Chairperson, Mr. Shailendra Rai, Mr. Ajay Nanavati as Members.