The board of directors of Shanti Guru Industries Limited at its meeting held on December 02, 2023, resignation of Mr. Mahipal Sanghvi as Executive Director has been accepted with effect from 2nd December, 2023. At the same time it has been confirmed that Mr. Mahipal Sanghvi shall continue to hold office in the capacity of the Chief Financial Officer of the company. The Board also appointed Mr. Sarthak Sanghvi, son of Mr. Shripal Sanghvi, the Chief Executive officer of the company as Whole-time Director (Executive Director) effective from 27th December 2023 for a period of three years at such terms of remuneration fixed by the Board of Directors.