India Nippon Electricals Limited announced that at the meeting of the Board of Directors held on August 7,2021, the Directors, approved the changes in Directorship: The Company's Promoters, Mahle Electric Drives Japan Corporation (MEDJ), Japan and Mahle Holding (lndia) Pvt Ltd. (MHIL), India, had indicated about the change in nomination of Directors to the Company's Board. Two new nominees were proposed to be appointed in the place of Mr. Mukesh Kumar Somani and Mr. Tadaya Momose. Accordingly, both the above said Directors had resigned from the Board with effect from 7 August 2021. The change in nominated Directors was due to Organisational Changes at MEDJ/MHIL. Mr. Jakob Ruemmler has been appointed in the Casual Vacancy created by the resignation of Mr. Mukesh Kumar Somani as a Non-executive Non-independent Director not liable to retire by rotation with effect from close of business hours of 7th August 2021. Changes in Stakeholders Relationship Committee: Mr. R Vljayaraghavan had stepped down as Chairman of the Stakeholders Relationship Committee in order to comply with the limits under SEBI Listing Regulations for number of Chairmanship. He will continue to be a member of the Committee and in his place Dr. Jayshree Suresh has been appointed as Chairperson of the Committee. In line with the amendments to SEBI Listing Regulations, the Board had constituted a Risk Management Committee with Mr. Anant Jaivant Talaulicar, Independent Director as the Chairman and Mr. Arvind Balaji, Managing Director & Mr. Ravinder Sharma, President of the Company (representing its executive management) being the members of the Committee. Consequent to the formation of separate Risk Management Committee, the Audit & Risk Management Committee has been renamed as Audit Committee.