The Board Meeting of Indo Count Industries Limited held on 22 May 2019, the Board approved change in designation of Mr. Mohit Jain as "Executive Vice Chairman" of the Company, for a period of 3 years with effect from 1 July 2019. Mr. Pradyumna Natvarlal Shah and Mr. Anand Ramanna, Independent Directors of the Company whose current term is upto 15 August, 2019, have conveyed that due to their advanced age, they do not wish to seek re-appointment as Independent Directors of the Company for second term. Accordingly, Mr. Pradyumna Natvarlal Shah and Mr. Anand Ramanna shall cease to be Directors of the Company with effect from August 16, 2019.