The board of directors of Shanti Guru Industries Limited meeting held on February 3, 2023, Mr. Jayaraman Madhu Suthan has been appointed as an Additional Director (Non-Executive, Independent) on the Board of the company with effect from 3 February 2023, subject to the approval of shareholders at the upcoming General meeting of the company. Mr. Jayraman Madhu Suthan is a graduate in Computer Applications and has his own business Consultancy offering Business solutions in the Retail Market rendering necessary ancillary services. Mr. Navratan Mal Lunkar has resigned from the post of Independent Director of the company with effect from February 3, 2023 due to personal reasons.

Mr. Navratan Mal Lunkar is at present not a Director in any other company. The Board has accepted his resignation from the close of business hours on February 3, 2023.