Organic Coatings Limited informed that Mr. Sudhir A. Sathe has resigned as a Chairman and Independent Director of the company with effect from 24 December, 2020. The company also informed that Mr. Chandrakumar Z. Shah has also resigned as an Independent Director of the company with effect from 24 December, 2020. They also resigned as members of the Committees of the board of directors as under with effect from 24 December, 2020: Mr. Sudhir A. Sathe, Member of Audit Committee, Member of Nomination & Remuneration Committee and Chairman and Member of Stakeholders Relationship Committee; Mr. Chandrakumar Z. Shah, Chairman and Member of Nomination & Remuneration Committee, Member of Audit Committee and Stakeholders Relationship Committee.