Pennar Industries Limited announced that Mr. Varun Chawla (DIN: 02097425), Non-Executive Non-Independent Director, vide letter dated March 7, 2023, has tendered his resignation from the Board of the Company. The resignation letter with reason as indicated is enclosed. Mr. Varun Chawla in his letter has also confirmed that there are no other material reasons for his resignation other than the one mentioned in the resignation letter.

Reason for Change: Mr. Varun Chawla has tendered his resignation as Non-Executive Non-Independent Director of the Company due to unavoidable personal situations and there are no other material reasons for resignation other than the one mentioned in the resignation letter. Date of cessation: March 7, 2023.