Gaurav Mercantiles Limited announced at the board meeting held on October 24, 2019, the directors approve re-designation of Mr. Parshotam Dass Agarwal (DIN: 00063017), who is currently an IndependentDirector of the Company, as Chairman of the Board and Independent Director with effect from the closure of this Board Meeting and re-designation of Mr. Mohan Lal Jain (DIN: 00063240), currently a Non-Executive Director and Chairman of the Board as a Non-Executive Director.