Mahalaxmi Rubtech Ltd. — Board/Management Information 2021

Apr 1, 2021

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Ref: MRT/CS/Correspondence/2021-22/01

Date: April 01, 2021

To, BSE Limited Phiroze Jeejeebhoy Tower, Dalai Street, Mumbai - 400 001

Dear Sir,

Company Code - 514450

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Appointment of One Additional Director in the category of Non-Executive Independent Directors and Resignation of Two Directors in the category of Non-Executive Independent Directors.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations”), we hereby inform you that the Board of Directors at its meeting held today has approved the following transaction:

1. Appointment of Balveermal Kewalmal Singhvi:

On the recommendation of the Nomination and Remuneration Committee of the Company, The board has considered and approved the appointment of Mr. Balveermal Kewalmal Singhvi (DIN: 05321014) as an Additional and Non-Executive Independent Director of the Company with effect from 01st April, 2021 for a term of 5 years, subject to the approval of the Members of the Company in ensuing General Meeting.

Mr. Balveermal Singhvi, is a B.Com. and Diploma in Cost and Works Account by qualification. He is retired Banker (as Asst General Manager) having around 40 years of rich experience in Loans, Accounting, Auditing and Banking related matters. During his banking tenure, he has managed loan portfolio of around Rs. 20,000 Crores for Gujarat region and has also been part of the core team for Banks advances at the bank’s head office at New Delhi, overseeing loans and advance of the bank at PAN India level.

Further, please see below requisite disclosure as per Regulation 30 read with Para A of Part A of Schedule III to the Listing Regulations:

Sr. No.	Disclosure Requirement	Disclosure Requirement			Details
1	Reason for	Change		viz.	Appointment as an	Additional	and	Non-Executive
	appointment	resignation,			Independent Director.
	removal; death or-otherwise.
					Mr. Balveermal Kewalmal Singhvi		is appointed as the
					Director of the Company with effect from			April 01, 2021
					in the category of	Additional	and	Non-Executive
					Independent Director.
2	Date of Appointment/		Cessation		April 01, 2021 for a	term of 5 Years		subject to the
	{as— applicable)	&	term	of	approval of the Members of the		Company in ensuing
	Appointment				General Meeting.

WORKS:

REGD. OFFICE:

CORPORATE OFFICE: MAHALAXMI HOUSE, YSL AVENUE, OPR KETAV PETROL PUMR POLYTECHNIC ROAD, AMBAWADI, AHMEDABAD - 380 0 15, INDIA. T E L E P H O N E :+91-79-40008000 FAX: +91-79-40008030

UMA INDUSTRIAL ESTATE. PHASE III. VILLAGE: VASNA-IYAVA, TALUKA: SANAND, DISTRICT: AHMEDABAD - 382 170, INDIA. TELEPHO NE: 02717-284309, 2843 10 FAX: 02717-284152 E-MAIL: m rt@ m rtglobal.com WEBSITE: www.m rtglobal.com

47, N EW CLOTH MARKET, AHMEDABAD - 380 002, INDIA. TELEPHONE: +91-79-22160776

CIN NO.: L25190GJ1991PLC016327

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Mr. Balveermal Singhvi is not related to any of the Directors of the Company.

Mr. Balveermal Singhvi is not debarred from holding the office of Director by virtue of any SEBI Order or any such authority.

2. Resignation of Chirag Yogesbhai Shah:

The board has considered and approved resignation of Mr. Chirag Yogeshbhai Shah (DIN: 00570434) from the position of the "Non-Executive, Independent Director" of the Company with effect from today, i.e., April 01, 2021. Consequently, Mr. Chirag Shah shall also cease to be the Chairperson of Audit Committee and Member of Nomination and Remuneration Committee of the Board w.e.f. 01st April, 2021.

Further, please see below requisite disclosure as per Regulation 30 read with Para A of Part A of Schedule III to the Listing Regulations:

Sr. No.	Disclosure Requirement	Disclosure Requirement		Details
1	Reason for	Change	viz.	Resignation due to non-registration on IICA Portal.
	appointment, resignation, removal,
	death or otherwise.			Mr. Chirag Shah was appointed as the Director of the
				Company with effect from August 12, 2019. He has given his
				resignation from the position of the Independent Director of
				the Company with effect from today, i.e., April 01, 2021.
2	Date of Appointment/ Cessation			April 01, 2021
	(as— applicable)—	&— term— of
	Appointment

3. Resignation of Nirmal Dilipbhai Desai:

The board has considered and approved resignation of Mr. Nirmal Dilipbhai Desai (DIN: 08534754) from the position of the "Non-Executive, Independent Director" of the Company with effect from today, i.e., April 01, 2021. Consequently, Mr. Nirmal Desai shall also cease to be the Chairperson of the Stakeholder's Relationship Committee and Member of Risk Management Committee of the Board w.e.f. 01st April, 2021.

Further, please see below requisite disclosure as per Regulation 30 read with Para A of Part A of Schedule III to the Listing Regulations:

Sr. No.	Disclosure Requirement	Disclosure Requirement			Details
1	Reason for	Change		viz.	Resignation due to non-registration on IICA Portal.
	appointment,	resignation,
	removal, death or	otherwise.			Mr. Nirmal Desai was appointed as the Director of the
					Company with effect from August 12,2019. He has given his
					resignation from the position of the Independent Director of
					the Company with effect from today, i.e., April 01,2021.
2	Date of Appointment/		Cessation		April 01, 2021.
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WORKS:

CORPORATE OFFICE: MAHALAXMI HOUSE, YSL AVENUE. OPR KETAV PETROL PUMR POLYTECHNIC ROAD, AMBAWADI, AHMEDABAD - 380 015, INDIA. TELEPHO N E:+91-79-40008000 FA X :+91-79-40008030

REGD. OFFICE:

UMA INDUSTRIAL ESTATE, PHASE III, VILLAGE: VASNA-IYAVA, TALUKA: SANAND, DISTRICT AHMEDABAD - 382 170, INDIA. TELEPHONE: 02717-284309, 284310 FAX: 02717-284152 E-MAIL: mrt@mrtglobal.com WEBSITE: www.mrtglobal.com

47, NEW CLOTH MARKET, AHMEDABAD - 380 002, INDIA. TELEPHONE: +91-79-22160776

CIN NO.: L25190GJ1991PLC016327

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4. Re-Appointment of Sangita Singhi:

The Board has noted the re-appointment of Sangita Singhi. The board had approved the re-appointment of Mrs. Sangita Singhi (DIN: 06999605) as a Non-Executive Independent Director of the Company subject to the approval of the Members of the Company on 06th July, 2021. The Members have approved the re­ appointment of Mrs. Sangita Singhi in 29th Annual General Meeting of the Company w.e.f. 31st March, 2021 on 07th November, 2020.

Mrs. Sangita Singhi has a wide experience in Business Administration, Finance, Project Finance, Stock Broking and Mortgage Finance. She is also involved in the various assignments of project finance and stock broking advisor and insurance.

Further, please see below requisite disclosure as per Regulation 30 read with Para A of Part A of Schedule III to the Listing Regulations:

Sr. No.	Disclosure Requirement	Disclosure Requirement			Details
1	Reason for	Change		viz.	Re-Appointment as a Non-Executive Independent Director.
	appointment; resignation, removal,
	death or otherwise.				Mrs. Sangita Singhi is re-appointed as the Director of the
					Company with effect from March 31, 2021 in the category of
					Non-Executive Independent Director by Members in the 29th
					Annual General Meeting on 07th November, 2020.
2	Date of Appointment/		Cessation		Re-appointment w.e.f. March 31, 2021, for a term of 5 Years.
	{as— applicable)	&	term	of
	Appointment

Mrs. Sangita Singhi is not related to any of the Directors of the Company.

Mrs. Sangita Singhi is not debarred from holding the office of Director by virtue of any SEBI Order or any such authority.

You are requested to take the same on record.

Thanking you, Yours faithfully, For, Mahalaxmi Rubtech Limited Kevin Dhruve Company Secretary

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Enel.: a/a

WORKS:

REGD. OFFICE:

UMA INDUSTRIAL ESTATE. PHASE III. VILLAGE: VASNA-IYAVA, 47i NE’W CLOTH MARKET, TALUKA: SANAND, DISTRICT: AHMEDABAD - 382 170, INDIA. AHMEDABAD - 380 002 INDIA TELEPHO NE: 02717-284309, 2843 10 FAX: 02717-284152 TELEPHO NE: +91 -79-22160776 E-MAIL: m rt@ m rtglobal.com WEBSITE: www.m rtglobal.com CIN NO.: L25190GJ1991PLC016327

CORPORATE OFFICE: MAHALAXMI HOUSE, YSL AVENUE, OPR KETAV PETROL PUMR PO LYTECHNIC ROAD. AMBAWADI, AHMEDABAD - 380 0 15. INDIA. TELEPHO NE: +91-79-40008000 FAX: +91-79-40008030

Chirag Shah A/13/16, Himmatlal Park Society Ambawadi, Ahmedabad-380015 Gujarat, India.

01/04/2021

To

The Board of Directors Mahalaxmi Rubtech Limited 47, New Cloth Market, Ahemdabad-380002

Dear Sir(s)

I hereby tender my Resignation as an Independent Director of Mahalaxmi Rubtech Limited ("The Company"), with immediate effect, i.e. with effect from 01/04/2021, due to non­ registration on Indian Institute of Corporate Affairs ("IICA") Portal as per rule 6 of Companies (Appointment and Qualification of Directors) Rules, 2014 of the Companies Act, 2013.

I Confirm that there are no material reasons other than mentioned above for my resignation.

Pursuant to my resignation as Director effective from 01/04/2021,1 shall also be ceased to be chairperson of Audit Committee and Member of Nomination and Remuneration Committee.

I wish to record my deep sense of appreciation and gratitude for the regard and consideration I received from you, the Company Secretary and other officers during my Association with the Company.

Thanking You,

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Chirag Y. Shah (DIN: 00570434)

Nirmal Desai 5, Roopmadhuri Society, Nr. Naranpura Railway Crossing-2, Naranpura, Ahmedabad, 380013 Gujarat, India.

01/04/2021

To The Board of Directors Mahalaxmi Rubtech Limited 47, New Cloth Market, Ahemdabad-380002

Dear Sir(s)

1 hereby tender my Resignation as an Independent Director of Mahalaxmi Rubtech Limited ("The Company”], with immediate effect, i.e. with effect from 01/04/2021, due to non­ registration on Indian Institute of Corporate Affairs ("IICA") Portal as per rule 6 of Companies (Appointment and Qualification of Directors] Rules, 2014 of the Companies Act, 2013.

I Confirm that there are no material reasons other than mentioned above for my resignation.

Pursuant to my resignation as Director effective from 01/04/2021,1 shall also be ceased to be chairperson of Stakeholder's Relationship Committee and Member of Risk management Committee.

I wish to record my deep sense of appreciation and gratitude for the regard and consideration I received from you, the Company Secretary and other officers during my Association with the Company.

Thanking You,

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Nirmal D. Desai (DIN:08534754]