Quasar India Limited informed that the Board of Directors of the Company, in their meeting held on 14 December, 2023, approved Resignation of Mr. Vijaykumar Patni as Managing Director. Mr. Vijaykumar Patni hold directorship in Veronica Production Limited-Additional Director. Date of cessation; 15 December, 2023.

The Appointment of Mr. Sameer Shah (DIN: 08712851) as Managing Director of the Company effective 14 December, 2023, Appointment subject to approval of Shareholders in General Meeting. Mr. Sameer Amit Shah is the Promoter as well as the Executive Director of the Company. He has completed his MBA in Marketing and he has more than 5 years of Experience in fund management, accounts & finance, budgeting, forecasting, data analyzing.