The board of directors of Navketan Merchants Limited at their meeting held on December 22, 2020 considered and approved: appointment of Mr. Goutam Chowdhury, as Non-Executive and Non Independent Directors with effect from December 22, 2020; appointment of Mr. Jitendra Sharma (DIN:07010644) as Independent Director of the company with effect from December 22, 2020; appointment of Mr. Mithil Pradeep Shah, as Independent Director of the company with effect from December 22, 2020; Took a note of the resignation received from Mr. Mridul Bhattacharya, Non-Executive and Non Independent Director. Mr. Mridul Bhattacharya will be relieved from the service with immediate effect; took a note of the resignation received from Mr. Shovan Modak, Independent Director. Mr. Shovan Modak will be relieved from the services of the Company with immediate effect and took a note of the resignation received from Ms Nanda Sengupta, Independent Director. Ms Nanda Sengupta will be relieved from the services of the Company with immediate effect. Mr. Mithil Pradeep Shah is an accounts and finance executive having experience of more than 5 years In the field of accounts, finance and taxation. His presence on the Board will be of immense value to the Company. Mr. Goutam Chowdhury has more than 27 years of experience in corporate houses like Orient Paper Industries, Birla Technical Services,Total Solution of Western Coal Field HQR at Nagpur on behalf of DCL-Datacore. Mr. Jitendra Sharma has knowledge in compliances of listed entities and other secretarial compliances. His presence on the Board will be of immense value to the Company.