Sarda Papers Limited at the meeting of Board of Director of Company was held on dated 12 October, 2022 and approved the appointment of Mrs. Sarita Sequeira as Managing Director and Key Managerial Personnel of the Company and also accepted the resignation as furnished by Ms. Kamini Kamal Johari dated 11 October, 2022 from the post of Managing Director of the Company effective closing of business hours on dated 12 October, 2022. However, the information about the acceptance of resignation of Ms. Kamini Kamal Johari, Managing Director of the Company was inadvertently not mentioned in board meeting outcome held on dated October 12, 2022. The Board of Director of the Company has accepted the resignation of Ms. Kamini Kamal Johari from the post of Managing Director of the Company Effective closing of business hours on dated October 12, 2022.