Padmanabh Alloy & Polymers Limited at its board meeting to be held on February 27, 2024, proposed to take note of resignation received from Mr. Nileshbhai Amrutlal Desai from Non-Executive independent director of the Company. Mr. Nileshbhai Amrutlal Desai vide his letter dated February 16, 2024 has tendered his resignation as Non-Executive Independent Director of the Company with effect from February 19, 2024 on account of pre occupation with other activities. Consequently, he also ceases to be a Member of the Nomination and Remuneration Committee of the Company.