Mangalam Industrial Finance Limited informed that Ms. Sakina Lokhandwala (ICSI Membership No.: A60515) vide her resignation letter dated 23rd October, 2023 has tendered her resignation from the position of Company Secretary and Compliance Officer (Key Managerial Personnel - KMP) of the Company for better growth and career opportunity and she will be relieved from responsibilities being Company Secretary and Compliance Officer with effect from 22 nd November, 2023 (after the closing of business hours). Further, Ms. Sakina Lokhandwala has also confirmed that there is no other material reason other than mentioned in her resignation letter. (Attached resignation letter).

Reason: As mentioned in the Resignation Letter, Resignation is due to better growth and career opportunity.