Palco Metals Limited announced that Mr. Kala5hchandra Babua Agrawal Independent Director has resigned from the Board of Directors effective June 6, 2022, due to pre-occupation and as a reason, and as a reason, inability to devote time to the affairs of the company. Further Mr. Kailashchandra Babulal Agrawal was chairman and member of the Audit committee, Stakeholder relationship committee and member of the Nomination, Remuneration Committee. Due to his resignation referred committee will be reconstituted and will be informed separately.