Phoenix Township Limited announced that the sad demise of Mr. Ajit Warty, Non-Executive Independent Director of the Company on March 03, 2023. Mr. Ajit Warty was initially appointed as an Independent Director of the Company w.e.f. 14 August, 2017 and presently was re-appointed as Independent Director of the company effective 14 August, 2022 and played crucial leadership roles through which the company immensely benefitted. Mr. Ajit Warty's sudden and unexpected passing away will be an irreparable loss to the Company and all the directors and employees of the company convey deep sympathy, sorrow and condolences to his family.