Promact Impex Limited at the Board of Directors meeting held on 17 July, 2023, Taken note of resignation of Ms. Payalben J. Patel from her position as Director of the Company with effect from 17th July, 2023 due to her pre-occupation. Taken note of resignation of Mr. Ravi L. Patel from his position of Independent Director of the Company with effect from 17th July, 2023 due to his pre-occupation. Furthermore, since the Company fulfils the requirement of independent directors in its board of directors without filling the vacancy created by such resignation, the requirement of replacement by a new independent director to fill up the vacancy does not apply in this instance.

In her last role, Ms. Payalben J. Patel has been associated with the Company since 11th October, 2018 in her capacity as a Non- executive Director. Ms. Payalben J. Patel has expressed her intention to resign as Director of the Company with effect from 17th July, 2023. Mr. Ravi L. Patel has been associated with the Company since 23rd September, 2017 in his capacity as an Independent Director.

Mr. Ravi L. Patel has expressed his intention to resign as an Independent Director of the Company with effect from 17th July, 2023. Re-constitution of the Audit Committee with following as members: Mr. Miteshkumar A. Patel, Chairman, Non-Executive & Independent Director; Mr. Akash D. Patel, Member, Non-Executive & Independent Director; Mr. Ankit J. Patel, Member, Managing Director. Reconstitution of the Nomination & Remuneration Committee with following as members: Mr. Akash D. Patel, Chairman, Non-Executive & Independent Director; Mr. Miteshkumar A. Patel, Member, Non-Executive & Independent Director; Ms. Nikita J. Patel, Member, Non-Executive Director.

Reconstitution of the Stakeholders Relationship Committee with following as members: Mr. Akash D. Patel, Chairman, Non-Executive & Independent Director; Mr. Miteshkumar A. Patel, Member, Non-Executive & Independent Director; Ms. Nikita J. Patel, Member, Non-Executive Director.