Sat Industries Limited informed that Mr. Nikhil Khanderao Raut was appointed as an Independent Director of the Company with effect 01st October 2014 for the period of three consecutive years and thereafter re-appointed on 01st October 2017 for the period of Five consecutive years i.e. from October 1, 2017 to September 30,2022. In respect of the same the term of Mr. Nikhil Raut has been completed on 30th September 2022.