Velox Industries Limited at its Board Meeting Held on May 25, 2023 informed Mr. Sanjiv Jain, Chairman and Non-Executive Director of the company, has resigned and his resignation letter dated May 25, 2023 has been noted and taken on record by the Board of Directors of the Company at its meeting held on May 25, 2023. (Attached resignation letter). Mr. Sushil Dattatraya Sindhkar, has been appointed as the Additional Non- Executive Director the company within the meaning of section 161 of the Companies Act, 2013 w.e.f the date of allotment of DIN.

Date of Birth of Sushil Dattatraya is 16/12/1958, Mr. Sushil Dattatraya Sindhkar holds a degree in Bachelor of Science Honours, Bachelor of Engineering in Mechanical and Master of Business Administration. He has a verifiable 28 year track record of meeting revenue & profitability goals, by consistently delivering organic growth, and increasing customer value in several geographically diverse markets & multiple industries. Appointed as Additional Non- Executive Director of the Company by the Board of Directors w.e.f. 21st February, 2023 till the conclusion of next AGM.

Date of Birth of Mr. Sanjiv Jain is 08/05/1957.