Indian Bright Steel Company Limited at its board meeting held on April 19, 2024, approved appointment of Mr. Bhupinder Singh Chadha as Managing Director (Additional Director) of the Company. Mr. Bupinder Singh Chadha hold a degree in Bachelor of Arts from Delhi University and has been associated in the fields of Bus Body Building business for more than four decades. Appointment of Mr. Charnjit Singh Chadha as an Additional Director (Executive) of the Company.

Mr. Charanjit Singh Chadha holds a degree in Bachelor of Arts (Honours) in History from Delhi University and has been associated in the fields of Bus Body Building business for more than four decades. Appointment of Mr. Nitin Atmaram Sarfare as an Additional Director (Non- Executive Independent) of the Company. Mr. Nitin Atmaram Sarfare is a member of The Institute of Company Secretaries of India (ICSI) having in total of 25 years of experience in Secretarial and Legal sector.

He holds a degree of Bachelors of Commerce from Mumbai University. Appointment of Mr. Ramesh Chandra Pareek as an Additional Director ((Non- Executive Independent) of the Company. Mrs. Ramesh Chandra Pareek has an enriching experience of almost 35 years in the field of Accounts and Admin sector.

He holds a degree of Bachelors of Commerce. Resignation of Mr. Avinash Alok Jajodia rom the Board of the Company. Resignation of Mr. Siddhartha Kumar Doshi Non-Executive Independent Director from the Board of the Company.

Resignation of Mr. Vipul Amul Desai Non-Executive Independent Director from the Board of the Company. Resignation effective from April 19, 2024. Reason for Change: Pursuant to successful completion of the Open Offer, there is a change in management of the Company.