Rossell India Limited announced the retirement of Mr. Rishab Mohan Gupta from the office of Whole time Director of the Company with effect from 9th February, 2024, upon expiry of his tenure of 3 consecutive years comm enced from 9th February, 2021 to 8th February, 2024. Mr. Rishab Mohan Gupta has tendered his resignation from the office of Director of the Company with effect from 9th February, 2024, citing reason in the enclosed
resignation letter dated 22 nd January, 2024. Consequently, he shall also cease to be the Member of Risk Management Committee of the Company as a consequence. Mr. Rishab Mohan Gupta (RMG) has been fully responsible for the performance of Rossell Techsys Division of the Company, which is being demerged and vest with Rossell Techsys Limited, upon the Scheme of Arrangement between Rossell India Limited and Rossell Techsys Limited, becoming effective. RMG has been one of the first Directors of Rossell Techsys Limited since it was incorporated on 6th December, 2022 with the objective to undertake the business of Rossell Techsys Division of Rossell India Limited (RIL), which is being looked after by RMG in his capacity as the Whole time Director of Rossell India Limited . Keeping in view of the above, RMG considered it prudent not to continue as Director too of Rossell India Lim ited . Accordingly, he subm its his res ignation as a Director of the Company with effect from 9th February, 2024.