Metal Coatings (India) Limited announced that Mr. Satish Kumar Gupta has tendered his resignation as an Independent Director of the Company, with effect from closure of business hours on 18 March, 2024, citing pre-occupation and other personal commitments. Consequently, he shall also cease to be a Member of the Audit Committee and Nomination and Remuneration Committee of the Company. The Board, in its meeting held on March 18, 2024, considered the said resignation letter and accepted the same effective from closure of business hours on March 18, 2024.

Re-constitution of Statutory committees: In view of the resignation of Mr. Satish Kumar Gupta, Independent Director, the Board of Directors has reconstituted the following Committees of the Board with effect from closure of business hours on 18 March, 2024: Post reconstitution, the composition of the Audit Committee: Rupali Aggarwal, Non-executive, Independent Director- Chairperson; Sachin Khurana, Non-executive, Independent Director- Member; Ramesh Chander Khandelwal, Executive Director- Member. Post reconstitution, the composition of the Nomination and Remuneration Committee: Rupali Aggarwal, Non-executive, Independent Director- Chairperson; Sachin Khurana, Non-executive, Independent Director- Member; Ramesh Chander Khandelwal, Executive Director- Member.