Astec LifeSciences Limited announced that Mr. Vijay K. Khot (DIN: 03520249), has tendered his resignation as an Independent Director of the Company, with effect from close of business hours on 2nd May, 2024, on account of advancing age. The letter of resignation received from Mr. Vijay K. Khot is enclosed herewith as Annexure D. Consequent to the abovementioned cessation of directorship of Mr. Vijay K. Khot, the composition of the Board of Directors of the Company will be 9 (Nine) Directors, out of which 4 (Four) are Independent Directors and 5 (Five) are Non-Independent Directors. The Management of the Company will be taking the necessary steps /actions to ensure composition of the Board of Directors and its Committees to be in accordance with the Listing Regulations.

Mr. Vijay K. Khot has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.