Uflex Limited announced that the Company has received a letter from IFCI Limited withdrawing the Nomination of V. Anish Babu as Nominee Director of IFCI Limited and Nominated Alok Sabharwal, General Manager as new Nominee Director on the Board of the Company with effect from December 2, 2020. Alok Sabharwal has over 25 years of experience in the financial services, banking and NBFC sector. Presently designated as General Manager of IFCI Limited, he has diverse exposure in Credit, Merchant Banking, NPA Resolution, Corporate Advisory etc.