BKM Industries Limited announced that it has received resignation letter dated 4th February, 2021 of Ms. Ritika Agarwal from the office of Independent Director of the Company due to preoccupation. However, since the Company is under Corporate Insolvency Resolution Process and in terms of Section 28(1)(f) of the Insolvency and Bankruptcy Code 2016, any change in management of the Corporate Debtor would require prior approval of CoC members. The resignation of the Ms. Ritika Agarwal (DIN: 08771261), Independent Director is subject to the approval of the CoC members. Therefore, it will be placed in the next CoC meeting for obtaining the approval.