Bambino Agro Industries Limited inform that in terms of the provisions of the Companies Act, 2013, the shareholders of the company have not approved the re- appointment of Mr. Suryanarayana Murthy Sammeta as Wholetime Director Finance, in the Annual General Meeting of the Company held on December 29, 2022. Therefore the said Director ceased to be Executive Director of the Company with effect from December 29, 2022. Mr. Suryanarayana Murthy Sammeta has confirmed that there is no other material reason for the said resignation.