The board of directors of Nilkamal Limited at meeting held on 23 May 2022, accepted request received from Mr. Mihir H. Parekh to step down from the office of Whole-time Director and Key Managerial Personnel of the Company effective from 15 June 2022 to pursue a course of full time MBA at the Northwestern University-Kellogg School of Management located in Chicago. He will continue to act as a Non-executive Director of the Company with effect from l6 June 2022.