Ashoka Metcast Ltd - Announcement under Regulation 30 (LODR)-Change in Directorate

As per Para A of Part A of Schedule III read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby inform you that the members of the Company in their 13th Annual General Meeting held on Friday, 5th August, 2022 have approved the change in designation of Mr. Ashok C. Shah from Director to Managing Director of the Company for a period of 5 (five) years from 2nd July, 2022 to 1st July, 2027 and payment of remuneration to him for a period of 3 (three) years w.e.f. 2nd July, 2022 upto 1st July, 2025.