Sharat Industries Limited at its board meeting held on July 23, 2022, announced that Mr. Cherukumalli Kishore Kumar, Independent Director of the Company have resigned from the Board of the Company with immediate effect, on account of personal reasons and other professional commitments. Reconstitution of Committees of the Board: Consequent upon resignation of Mr, Cherukumalli Kishore Kumar (DIN: 00849345), the reconstitution of all the Committees of the Board with effect from 30 July 2022 are as: Audit Committee: Mrs. Durga Thota - Category - Non-Executive Independent Director and Designation - Chairperson. Mrs. Harihar Venkata Muthyam - Category - Non-Executive Independent Director and Designation - Member.

Mr. Swayze Mani - Non-Executive Independent Director and Designation - Member. Nomination & Remuneration Committee: Mrs. Durga Thota - Category - Non-Executive Independent Director and Designation - Chairperson. Mrs. Harihar Venkata Muthyam - Category - Non-Executive Independent Director and Designation - Member.

Mr. Swayze Mani - Non-Executive Independent Director and Designation - Member. Stakeholder Relationship Committee: Mrs. Durga Thota - Category - Non-Executive Independent Director and Designation - Chairperson. Mrs. Harihar Venkata Muthyam - Category - Non-Executive Independent Director and Designation - Member.

Mr. Swayze Mani - Non-Executive Independent Director and Designation - Member.