The Board of Directors of the Shalimar Agencies Limited on recommendation of the Nomination and Remuneration Committee, the Board of Directors has appointed Mr. JataVenkata Rama Raja Sekhar and Mr. Siva Prasad Gorthy as Additional Director ("Non-Executive Independent Director") effective April 4, 2021 to hold office till the conclusion of the next Annual General Meeting and will be regularized for five years subject to the approval of members in the ensuing Annual General Meeting. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Natwarlal Ramgopal Modani and Mr. Rahul Manoj Rawlyani stepped down from the position of the "Non-Executive Independent Director" of the Company with effect April 12, 2021.