Vijay Solvex Limited informed that Shri Giriraj Goyal and Shri Ram Babu Jhalani, Independent Directors of the Company, ceased to be Directors of the Company upon completion of their second term on September 30, 2022. The Members of the Company at the 29th Annual General Meeting of the Company held on 29.09.2017 has approved the re-appointment of Shri Ram Babu Jhalani as Independent Director of the Company for a second term of 5 consecutive years to hold office from the conclusion of 29th Annual General Meeting till the conclusion of 34° Annual General Meeting of the Company. The 34th AGM of the Company was held on September 30, 2022.

In view of the above, Shri Ram Babu Jhalani ceased to be an Independent Director of the Company at the close of the business hours on 30" September, 2022, upon completion of his term.