Vaishali Pharma Limited — Board/Management Information 2021

Jul 10, 2021

Vaishali Pharma Ltd.

10th July, 2021

To, The Manager National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.

Stock Code: VAISHALI

SUBJECT: RESIGNATION OF MR. PRATAPRAI PANACHAND GANDHI (DIN: 07832673) FROM THE DIRECTOSHIP OF THE COMPANY

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III to the said Regulations, we hereby inform to you Mr. Prataprai Panachand Gandhi (DIN: 07832673) has resigned from the position of Independent Director from the Company's Board of Director and Committee's with effect from 12th July, 2021.

Disclosure with regard to change in Director is given herein under:

Sr No	Disclosure Requirements	Details
1	Reason for Change viz. appointment,	The Reason mentioned in the letter is as
	resignation, removal, death or otherwise	under:
		I hereby announce my resignation as a
		Non-Executive Independent Director of
		Vaishali Pharma Ltd. With effect 12th July,
		2021 due to my ongoing health issues and
		wish to reduce my commitments.
		Mr. Prataprai Panachand Gandhi has been
		associated with the Company since 25th
		May, 2017.
$\overline{2}$	as)Date of Appointment /Cessation	Cessation w.e.f. 12th July, 2021
	applicable) & term of Appointment

Further, the Company has received confirmation from Mr. Prataprai Panachand Gandhi (DIN: 07832673) that there are no other material reasons for his resignation other that those aforesaid. The said confirmation is enclosed herewith.

Please take note of the same in your record and acknowledge the receipt of the same.

Thanking you,

Yours faithfully. For VAISHALI PHARMA LIMITED

Akshay Thorkhandi

CORPORATE & REGISTERED OFFICE:

706-709, 7th Floor, Aravali Business Centre, R. C. Patel Road, Off. Sodawala Lane, Borivali (West), Mumbai-400 092. Tel.: +91-22-4217 1819 E-mail: sales@vaishalipharma.com CIN - L52310MH2008PLC181632

An ISO 9001:2015 Certified Company Website: www.vaishalipharma.com

PRATAPRAI PANACHAND GANDHI B.305, Rahul Classic, Sai Baba Nagar, opp Kale College, Borivali (W), Mumbai - 400092

01/07/2021

To The Board of Directors Vaishali Pharma Limited Aravalli Business Center, R.C. Patel Road, Off Sodawala Ln, Borivali (W), Mumbai-400092.

Dear Sir,

SUBJECT: - RESIGNATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR

I hereby announce my resignation as a Non-Executive Independent Director of Vaishali Pharma Ltd. With effect 12th July, 2021 due to my ongoing health issues and wish to reduce my commitments.

I am pleased to acknowledge that I have no claim whatsoever against the company for compensation for loss of office or otherwise and at the same time have no liabilities vested on me by the company.

Further, I would also like to confirm that there is no other material reason other than the one mentioned above, for my resignation from the Board of the Company.

I would like to thank all the directors and executive team for their support whilst on the Board.

Yours Faithfully,

Mr. Prataprai P. Gandhi B.305, Rahul Classic, Sai Baba Nagar, opp Kale College, Borivali (W), Mumbai - 400092