Banco Products (India) Limited at its meeting held on 7 August, 2023 approved the appointment of Mr. Shivam M. Patel, as an Additional Director (Non Executive - Non Independent Director) of the Company with effect from 7 August, 2023, subject To Approve the Shareholders of the Company. Initial term upto date of next AGM and thereafter liable to retire by rotation subject To Approve the Shareholders. Mr. Shivam Patel carries a diverse range of experience, focused on delivering work to a high standard of client satisfaction whilst ensuring profitability and developing operational management mechanisms combining theoretical knowledge and adapting a practical approach in order to achieve maximum efficiency and reduced wastage of resources in multiple automotive manufacturing environment factory set ups.

Mr. Shivam Patel, a Graduate in Chemistry (BSc Hons.) from the University of Warwick, United Kingdom having various expertise including, rubber technology, organic and inorganic chemical synthesis, new materials for better and sustainable chemistry and also energy generation from alternate sources. In addition, Mr. Shivam Patel brings along with him creative and dynamic vision of various businesses and has good experience in consistently penetrating new markets to ensure sustainable revenue growth across the spectrum. He also specialises in effective communication and in-person meetings to establish presence.