Empire Industries Limited announced that Mr. Satish Chandra Malhotra (DIN: 00026704) has conveyed his intention to step down from the executive position of the Company after long association with the Company by considering his age and involvement. The Board has taken on record his enormous contribution to the Company, however, the board has requested him for his continued association and guidance on the board and accordingly, he has consented to continue as Chairman cum Non-Executive Non- Independent Director of the Company after completion of his existing tenure. Hence, his designation has been changed from Chairman cum Whole-time Director to Chairman cum Non-Executive and Non-Independent Director of the Company upon completion of his present tenure i.e. with effect from November 1, 2023 subject to approval of members at upcoming annual general meeting.