Atul Ltd. announced that Mr. Rajendra Shah, who was appointed as a Director of the Company liable to retire by rotation, and who desired not to be reappointed upon expiry of his term at the Annual General Meeting held on July 28, 2023, has ceased to be a Director of the Company effective July 28, 2023. Consequently, he also ceases to be a Member and the Chairman of the Investment Committee and a Member of the Nomination and Remuneration Committee of the Board.