AGS Transact Technologies Limited at the board meeting held on March 11, 2023, the Board noted that tenure of Mr. Sudip Bandyopadhyay (DIN: 00007382) as an Independent Director for two (2) consecutive terms will be completed from end of the day on March 11, 2023 and accordingly he will be ceased to be an independent Director from end of the day on March 11, 2023. The Board noted that tenure of Mr. Vijay Chugh (DIN: 07112794) as an Independent Director for two (2) consecutive terms will be completed from end of the day on March 11, 2023 and accordingly he will be ceased to be an independent Director from end of the day on March 11, 2023.