The board of directors of Sharat Industries Limited meeting held on February 10, 2023, approved resignation of Mr. Durga Prasad Bolisetty as Chief Financial Officer due to personal reasons. He will be relieved from his duties effective close of business hours on 20th February 2023 and Appointment of Mr. N. Thyagarajan as Chief Financial Officer (Key Managerial Personnel) of the Company with effect from 21st February 2023. Mr. N. Thyagarajan is a Cost Accountant with more than 25 years' experience in Finance and Taxation.