Krishanveer Forge Limited informed that Mr. Shubham Arun Jindal who was holding the position of Chief Financial Officer of the Company has tendered his resignation on November 11, 2022 and shall hold his office up to the closing hours of November 30, 2022. With reference to the occurrence of the casual vacancy in the office of Chief Financial Officer,informed that the Nomination & Remuneration Committee of the Company in their meeting held on November 11, 2022 has recommended the candidature of Mr. Viralkumar S Shah as the Chief Financial Officer in place of Mr. Shubham A Jindal. The Audit Committee and the Board of Directors of the Company in their respective meetings held on November 11, 2022 have approved the candidature of Mr. Viralkumar S Shah as the Chief Financial Officer (Whole Time Key Managerial Personnel) of the Company under Section 203 of the Companies Act, 2013.

It is further informed that Mr. Viralkumar S Shah shall resume the office of Chief Financial Officer from December 01, 2022 and specific intimation to that effect shall be given upon him, resuming his office.