UGRO Capital Limited announced that Mrs. Smita Aggarwal, Independent Director vide resignation letter dated 16 June 2023 has resigned from the post of Independent Director of the Company with effect from the close of business hours on 4 th July 2023 since she is taking a full time position at the United Nations, New York. Further, the Company has received confirmation from Mrs. Aggarwal that there are no other material reasons for her resignation other than those mentioned in her resignation letter. Reason for change: Completion of tenure as Independent Director .

She does not hold Directorship in any other listed entity. Mr. Abhijit Sen was appointed as an Independent Director to hold office for a term of 5 years w.e.f. 5th July 2018 till 4th July 2023. Accordingly, the tenure of Mr. Sen is due for expiry on 4th July 2023.

The Board has today, i.e. 16th June, 2023 has noted the above and placed on record its sincere appreciation for the contributions made by Mrs. Aggarwal and Mr. Sen during their tenure as Independent Directors of the Company.