Elcid Investments Limited at its meeting held on March 21, 2024, considered and approved the following: Mr. Mahesh Dalal (DIN: 00165912), and Mr. Ketan Kapadia (DIN: 00166090) and shall cease to be Independent Directors of the Company upon completion of two consecutive terms of 5 years each at the closure of business hours on March 31, 2024. Mrs. Dipika Vakil (DIN: 00166010) has tendered her resignation as Non-Executive Director of the Company with effect from the close of business hours on March 31, 2024, due to personal and unavoidable circumstances. In view of the appointment and completion of tenure of Directorship, the Board approved reconstitution of following committees with effect from 1st April 2024: a) Audit Committee, b) Stakeholders Relationship Committee, c) Nomination and Remuneration Committee, d) CSR Committee.

Resigning director holds Directorships, Membership/Chairmanship of committees in this company: Mr. Mahesh Dalal-Audit Committee - Chairman, NRC Committee - Chairman, SRC Committee ­ Chairman, CSR Committee - Chairman; Mr. Ketan Kapadia-Audit Committee - Member, NRC Committee - Member; Mrs. Dipika Vakil-SRC Committee Member, CSR Committee - Member.