Shalimar Agencies Limited announced that Mr. Manoj Sandilya Telakapalli has stepped down from the position of the Whole Time Director of the company with effect from, i.e., January 12, 2023. However, He continues to be on the Board of the Company as Director of the Company. Further, the Company has received confirmation from aforementioned Director that there are no material reasons for his Change in Designation other than those mentioned in his resignation letter dated January 12, 2023.