Mangalore Chemicals & Fertilizers Limited announced that, Mr. Dipankar Chatterji who was appointed as an Independent Director for a term of three years w.e.f. May 14, 2019, has completed his tenure as an Independent Director of the Company on May 13, 2022. Accordingly, Mr. Dipankar Chatterji has ceased to be the Director of the Company with effect from close of business hours on May 13, 2022. Further, Board of Directors of the Company, by a resolution passed, has approved the appointment of Mr. Marco Philippus Ardeshir Wadia as an Additional Director in the category of Independent Directors for a term of three years w.e.f. 13.05.2022 which shall be subject To Approve the members at the General Meeting.

In compliance with SEBI Letter dated June 14, 2018 read along with NSE Circular No. SE/CMU2018/24 dated June 20, 2018, that Mr. Marco Philippus Ardeshir Wadia has not been debarred from holding the office of Director by virtue of any SEBI Order or any other Authority.