Rama Phosphates Limited informed that the Bank of India (BOI) has withdrawn the nomination of Mr. Bhoopesh Karaulia (DIN -- 09472430), as their nominee on the Board of Directors of the Company effective after closure of business hours dated 18th day of May, 2023. The Company has received the communication from Banks vide letter no. BOI/PAL/2023-24/6. Consequently, Mr. Bhoopesh Karaulia (DIN - 09472430), ceased to be a member of the Board of Directors of the Company.

The company confirmed that there is no other reason for his cessation as Nominee Director of the Company.