The board of directors of Indian Acrylics Limited at its meeting held on November 08, 2023, approved the Cessation of Shri Sudhanshu Shekhar Jha (DIN: 01489603) as an Independent Director of the Company upon completion of his term of 5 (five) consecutive years at the close of business hours of November 13, 2023. Appointment of Smt. Parampal Kaur Sidhu, IAS and Managing Director of Punjab State Industrial Development Corporation Ltd. (PSIDC) as Non-Executive Nominee Director, PSIDC and Chairman of the Company with effect from November 08, 2023 in place of Shri Sibin C. in compliance with various provisions of Companies Act, 2013 and SEBI (LODR) Regulations, 2015.