Velox Industries Limited announced that at its board meeting held on February 07, 2023, Mr. Prabhat Khurana, Independent Director of the Company, has resigned and his resignation letter dated February 06, 2023 has been noted and taken on record by the Board of Directors of the Company at its meeting held on 7th February, 2023. (Attached resignation letter). Further, Mr. Ebrahim Nimuchwala, has also confirmed that there is no other material reason other than mentioned in his resignation letter.

Resignation of Mr. Prabhat Khurana has resigned due to personal reasons and shall not be able to discharge the duties as the Independent Director of the Company.