Poona Dal and Oil Industries Limited announced that Mr. Pradip Poonamchand Parakh (DIN 00053321), Managing Director of the Company, has submitted his resignation vide letter dated June 28, 2024, due to other commitments. The Nomination and Remuneration Committee and the Board formally accepted his resignation during its meeting held on July 5, 2024 and Mr. Pradip Parakh will be relieved from his service as a Director and Managing Director of the Company with effect from the close of business hours on July 5, 2024.