On recommendation of the Nomination and Remuneration Committee of Shah Alloys Limited, the board of directors of meeting held on August 25, 2023, the Board has appointed Shri Ambalal Chhitabhai Patel as an additional director in the capacity of Non-Executive, Independent Director of the Company with effect from 25th August, 2023 for a period of five years, subject To Approve the members of the Company in the upcoming Annual General Meeting. The Board took note of resignation and accepted the resignation of Shri G. M. Shaikh from the post of Non-Executive Independent Director of the Company including the Board Committees with effect from closure of business hours of 25th August, 2023. The Board has approved the Reconstitution of various Committees of Board of Directors as mentioned below: Audit Committee: Consequent upon the resignation of Shri G.M. Shaikh from the post of Non-Executive Independent Director of the Company, the Audit Committee has been reconstituted by inducting Shri Ambalal Chhitabhai Patel, Non-Executive, Independent Director as a new Chairperson/Member of the Committee in place of Shri G.M. Shaikh with effect from 25th August, 2023.

Post reconstitution, the composition of the Audit Committee shall be as follows: Shri Ambalal Chhitabhai Patel, Chairman; Smt. Shefali M. Patel, Member and Shri Rajendra V Shah, Member. Nomination & Remuneration Committee: Consequent upon the resignation of Shri G.M. Shaikh from the post of Non-Executive Independent Director of the Company, the Nomination & Remuneration Committee has been reconstituted by inducting Shri Ambalal Chhitabhai Patel, Non-Executive, Independent Director as a new Chairperson/Member of the Committee in place of Shri G.M. Shaikh w.e.f. 25th August, 2023.

Post reconstitution, the composition of the Nomination & Remuneration Committee shall be as follows: Shri Ambalal Chhitabhai Patel, Chairman; Smt. Shefali M. Patel, Member and Shri Rajendra V Shah, Member. Stakeholders Relationship Committee: Consequent upon the resignation of Shri G.M. Shaikh from the post of Non-Executive Independent Director of the Company, the Stakeholders Relationship Committee has been reconstituted by inducting Shri Ambalal Chhitabhai Patel, Non-Executive, Independent Director as a new Chairperson/Member of the Committee in place of Shri G.M. Shaikh, with effect from 25th August, 2023.

Post reconstitution, the composition of the Stakeholders Relationship Committee shall be as follows: Shri Ambalal Chhitabhai Patel, Chairman; Smt. Shefali M. Patel, Member and Shri Ashok Sharma, Member. Corporate Social Responsibility Committee: Consequent upon the resignation of Shri G.M. Shaikh from the post of Non-Executive Independent Director of the Company, the Corporate Social Responsibility Committee has been reconstituted by inducting Shri Ambalal Chhitabhai Patel, Non-Executive, Independent Director as a new Chairperson/Member of the Committee in place of Shri G.M. Shaikh with effect from 25th August, 2023.

Post reconstitution, the composition of the Corporate Social Responsibility Committee shall be as follows: Shri Ashok Sharma, Chairman; Shri Rajendra V Shah, Member and Shri Ambalal Chhitabhai Patel, Member Shri Ambalal Chhitabhai Patel is a graduate in B.E (Metallurgy), B. Sc. and has more than 48 years of career experience and has been associated with various Govt. and PSU's Bodies like GMDC, GIIC etc.

on various senior technical posts.