Universal Autofoundry Limited informed that Mr. Kishan Lal Gupta (DIN: 00295685), Wholetime Director of the Company has tendered his resignation from the Directorship of the Company, effective 08 June 2023 due to the following reasons: The company was controlled by Jain Group and Gupta Group. As per understanding, Gupta group relinquished their right. Pursuant to that, Kishan Lal Gupta do not have any control over management of the company.

At present the control of the company rests with the Jain Group only. Kishan Lal Gupta have not been involved in the day-to-day affairs of the company for the past few months.