Digilife Technologies Limited announced the cessation of Dr. Bhupendra Kumar Modi (Dr. Modi) as Executive Chairman of the company with effect from 23 June 2023. Dr. Modi was appointed as the Non-Executive Director and Chairman with effect from 6 March 2020 subsequently with effect from 19 April 2022, he has been re-designated as Executive Chairman and Group CEO. As announced by the Company on 19 April 2022, Dr. Modi was appointed as the Group CEO to provide stability to the organization as the Group was in the midst of critical business transition period.

Dr. Modi has informed the Company that since the business operations of the Company is stable now, he considers it is the right time for him to step down as the Chairman and Group CEO and bring in existing senior professional management to take the Company forward. He has also been pre-occupied with other personal commitments and as such he is of the view that he will not be able to devote sufficient time to oversee the Company's day to day affairs. He will continue to be the controlling and largest shareholder of the Company at this point.