Adishakti Loha and Ispat Limited informed that in the meeting of the Board of Directors of the company was held on December 15, 2021, the Board of Directors have consider and approved the following: Resignation of Mr. Pankaj Kapoor as Independent Director of the Company due to personal reasons and pre occupations only, and there is no other material reasons other than that is stated above with effect from the conclusion of the Board Meeting held on December 15, 2021. Resignation of Mr. Jai Bhagwan Aggarwal as Independent Director of the Company due to pre-occupations and other professional reasons, and there is no other material reasons other than that is stated above with effect from the conclusion of the Board Meeting held on December 15, 2021. Appointment of Mr. Achal Kapoor as Additional Director (Non-Executive & Independent effective the conclusion of the board meeting held on December 15, 2021 subject to approval of members in the ensuring Annual General Meeting.

Appointment of Mrs. Swati Jain as Additional Director (Non-Executive & Independent effective the conclusion of the board meeting held on December 15, 2021, subject to approval of members in the ensuring Annual General Meeting.