Automotive Stampings and Assemblies Limited informed that Ms. Rati Forbes has conveyed to the Board that considering professional commitments, she is unable to devote sufficient time, required of an Independent Director of the Company and therefore willingly tendered her resignation effective from close of business hours of July 18, 2019 with a request to the Board, to relieve her accordingly. In her above resignation letter, she has informed that the resignation is due to her personal reasons and has confirmed that there are no other material reasons, for her resignation other than the reason mentioned therein. The Board of Directors placed on record its sincere appreciation for the valuable guidance and immense contributions made by Ms. Rati Forbes during her tenure as Director of the Company. The Board has accepted and taken on record the said resignation, effective from close of business hours of July 18, 2019.