Lippi Systems Limited announced Mr. Kamlesh Sunderlal Sharma shall be retiring from the position of Independent Director (Non-Executive) of the Company, pursuant to completion of his term (two consecutive terms), with effect from 31st March 2024 (close of business hours) and shall also ceased to be the Independent Director of the Company thereafter and Mr. Tirthraj Ashokbhai Pandya shall be retiring from the position of Independent Director (Non-Executive) of the Company, pursuant to completion of his term (two consecutive terms), with effect from 31st March 2024 (close of business hours) and shall also ceased to be the Independent Director of the Company thereafter. The company also announced that Mr. Tirthraj Ashokbhai Pandya is not disqualified from being appointed as an Additional Director (Non-Executive and Non-Independent Director) in terms of Section 164 of the Companies Act 2013 and have given his consent to act as an Additional Director (Non-Executive and Non-Independent Director). Mr. Pandya holds a Bachelor Degree of commerce, L.L.B from Gujarat University, masters in commerce and PGDIBO from Indira Gandhi National Open University & PGDIHRM from GLS Institute of Management, Ahmedabad have vast Experience in the field of Legal and practicing lawyer in the High Court of Gujarat.

Reconstitution of Committee of Board of Directors: Audit Committee: Mr. Govindlal C Thakkar Chairperson Ms. Swetalben Pravinkumar Sapra and Mr. Tirthraj Ashokbhai Pandya as Members. Nomination and Remuneration Committee: Mr. Govindlal C Thakkar as Chairperson and Ms. Swetalben Pravinkumar Sapra and Mr. Tirthraj Ashokbhai Pandya as Members.