Ambalal Sarabhai Enterprises Limited announced Outcome of the Board Meeting held on 29th March, 2024. Took note of Completion of Tenure /Cessation of Independent Directors Mr. Chandrashekhar Bijayshankar Bohra (DIN: 00055288) and Mr. Ashwin Pundrikrai Hathi (DIN: 00326488) who shall cease to be an Independent Directors of the Company upon completion of 2 consecutive terms of 5 years each at the closure of business hours on 31st March, 2024. The Board approved reconstitution of following committees with effect from 1st April, 2024: Audit Committee consists of Mr. Mayur Swadia as Chairman, Mr. Govindprasad Namdeo and Mr. Brijesh Khandelwal Member.

Nomination and Remuneration Committee consists of Mr. Mayur Swadia as Chairman, Mr. Govindprasad Namdeo, Mr. Brijesh Khandelwal as Member. Stakeholders Relationship Committee consists of Mr. Govindprasad Namdeo as Chairman, Mr. Kartikeya V. Sarabhai, Mr. Brijesh Khandelwal, Mr. Bharatendu Jani as Member.