Minolta Finance Limited announced that Mr. Sanjeeban Chakraborty (DIN: 09542092), vide his letter dated of December 29, 2023, has tendered his resignation as Non Executive Independent Director of the Company with effect from the close of business hours on December 29, 2023. The Board of Directors of the Company noted his communication and appreciates the services rendered, during his tenure. Mr. Sanjeeban Chakraborty has tendered his resignation as an Independent Director of the Company due to personal reason and other professional commitments.

Further there are no other material reasons for resignation other than the one mentioned in the resignation letter.