The board of directors of Kovalam Investment and Trading Company Limited in their meeting held on September 25, 2019 appointed Sh. Gagnish Kumar Bhalla as Additional Director (Non- Executive Independent as per recommendation of Nomination and Remuneration Committee on the Board of the company with effective from September 25, 2019, not liable to retire by rotation. Sh. Raj Singh is appointed as an Independent Director subject to approval of shareholders for a term of 5 consecutive years upto that is September 24, 2024. Sh. Gagnish Kumar Bhalla Non- Executive Independent Director of the Company has tendered his resignation as Director of the Company from the said before the expiry of his tenure and the Board has position accepted the same with effective from September 25, 2019.