Mangalam Industrial Finance Limited informed that Mr. Sohinderpal Singh Teja vide his resignation letter dated 23rd June, 2023 has tendered his resignation from the Post of Chief Financial Officer (KMP) of the Company with effect from Board Meeting dated 28th June, 2023 (after the closing of business hours) on account of the offer received for the post of Principal Officer in other group company. Further, Mr. Sohinderpal Singh Teja has also confirmed that there is no other material reason other than mentioned in his resignation letter.