Velox Industries Limited at its Board Meeting Held on May 25, 2023 informed Mr. Vijay Bhutna, Managing Director of the company, has resigned and his resignation letter dated May 25, 2023 has been noted and taken on record by the Board of Directors of the Company at its meeting held on May 25, 2023, (Attached resignation letter) and Mr. Debashis Mukherjee, has been appointed as the Managing Director the company within the meaning of section 203 of the Companies Act, 2013 w.e.f. May 25, 2023. Date of birth of Mr.Vijay Bhutna is 10/02/1967. Mr. Debashis Mukherjee is a Technical Engineer from The Institution of Engineers India.

He holds experience of more than 30 years in this trade, Liner activities, both Sales and Operations fields. Date of Birth of Debashis Mukherjee is 05/06/1968, Appointed as Managing Director of the Company by the Board of Directors w.e.f. May 18, 2023 for a term of five years.