Welspun Investments and Commercials Limited announced that the tenure of Mr. Atul Desai; Mr. Raj Kumar Jain and Ms. Mala Todarwal has ended on March 31, 2024 and have ceased to be independent directors effective that date. Consequently Atul Desai also resign from the chairmanship of nomination and remuneration committee and the membership of audit committee. Consequently Mr. Raj Kumar Jain he also ceases to be the chairmanship of audit committee and share transfer, investor grievances and stakeholders relationships committee and the member of nomination and remuneration committee.

Ms. Mala Todarwal also cease from the membership of nomination and remuneration committee, audit committee and stakeholders relationship committee.