The board of directors of Galaxy Bearings Limited meeting held on August 10, 2023, appointed Mr. Kartik Kumar Vinodchandra Patel and Mrs. Deepa Shah as an additional Non- Executive Independent Directors of the company. Date of appointment is August 10, 2023. Mr. Kartik Kumar Vinodchandra Patel is appointed as an additional Independent Director of the Company until the upcoming Annual General Meeting and will be appointed as Independent Director of the Company for a term of 5 years subject to the approval of the shareholders at their 33rd Annual General Meeting.

Mr. Kartik Kumar Vinodchandra Patel has graduated with specialization in Planning and designing in the field of manufacturing and production and has rich experience of about 27 years in Automobile Industry. Mrs. Deepa Shah is appointed as an additional Independent Director of the Company until the upcoming Annual General Meeting and will be appointed as Independent Director of the Company for a term of 5 years subject to the approval of the shareholders at their 33rd Annual General Meeting. Mrs. Deepa Shah has graduated with specialization in Law and Finance and has an extensive knowledge in the relevant fields.