The board of directors of IEL Limited at its meeting held on July 8, 2024, considered that Mr. Darshan Bipin Chandra Shah (DIN-07030608) vide his Resignation Letter dated 08th July 2024 has resigned from the office of Additional Director (Non-Executive and Independent Director) of the Company with effect from closing business hours of 08th July 2024 owing to his other professional commitments. He had confirmed that there are no other material reasons for the resignation other than those provided in his resignation letter. Further, Mr. Darshan Bipin Chandra Shah (DIN-07030608) do not hold Directorship in any other Listed Company except IEL Limited.

The Board of Directors of the Company has taken the same on record and will complete necessary formalities in regards of his resignation in due course of time.