Serial System Ltd. announced that Mr. Ravindran s/o Ramsamy who has served on the Board of Directors for more than nine years, will not be considered independent upon the conclusion of the forthcoming annual general meeting on 30 April 2024. Accordingly, Mr. Ravindran will retire as an Independent Non-Executive Director and not be seeking for re-appointment as Director of the Company at the AGM, and will cease to be the Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee of the Company following the conclusion of the AGM.