Cosmo Ferrites Limited announced that Mr. Janardhan Pralhadrao Gupta an Independent Director of the Company, has sought an early retirement from the position of independent directors of the Company due to his unfavourable health conditions, with immediate effect. The Chairman of the Company has accepted the above. Consequently, Mr. Janardhan Pralhadrao Gupta ceases to be the director of the Company with effect from May 23, 2023.