Chembond Chemicals Ltd. has announced that Mr. O. P. Malhotra has conveyed his inability to continue serving the Board of the Company effective close of working hours on August 1, 2016. The Board accepted his decision in its meeting held on July 30, 2016. Accordingly effective close of working hours on August 1, 2016, Mr. Malhotra ceases to be an Independent Director of the Company.