Chennai Ferrous Industries Limited announced that Mr. Balasubramanian Anandan (DIN: 02314860) has tendered his resignation as the Independent Director of the Company with effect from close of business hours on 14th
August 2023 citing pre-occupation and other personal commitments. Consequently, he shall also cease to be a Member from all the Committees of the Company. The letter of resignation received from Mr. Balasubramanian Anandan is enclosed herewith. Mr. Venkatasubramanian Pichaiswaminathan (DIN: 09408397) has tendered his resignation as the Non-Executive Non-Independent Director of the Company with effect from close of business hours on 14th August 2023 citing health issues. Consequently, he shall also cease to be a member from the Committees of the Company, in which he was a member.