Black Rose Industries Limited announced that as recommended by the Nomination and Remuneration Committee, the Board of Directors of the company, through Circular Resolution approved by a majority of Directors on May 12, 2023 have appointed Mr. Ratan Kumar Agrawal, Chief Financial Officer (DIN - 10157423), as an Additional Director (Non- Independent and Executive) of the company, with effect from 11th May, 2023 and he will hold office till upcoming annual general meeting. The company has received a letter from Mr. Sandeep Chokhani (DIN 02346782) tendering his resignation from the Directorship of the company due to his personal reasons. The company further confirms that there are no other material reasons.

His resignation has been accepted by the Board and the resignation will be effective from the close of business hours on 11th May, 2023. Mr. Ratan Kumar Agrawal possesses over 25 years of rich experience in the field of finance and accounts. Mr. Agrawal is been associated with the Company since 2008 and is currently designated as Chief Financial Officer of the Company.

He has competency in managing Company's Finance and Investments. Mr. Sandeep Chokhani informed the Board that due to his personal reason, he wish to relieve himself from the responsibility of directorship of the company.