MAXIMAA SYSTEMS LTD. - Announcement under Regulation 30 (LODR)-Change in Management Control

Respected Sir / Madam,<BR> <BR> In compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and based on the recommendations of the Nomination & Remuneration Committee, the Board of Directors at their meeting held on 16th July, 2021 has transacted the following:<BR> <BR> 1.Has re-appointed Mr. Manoj Shah (DIN: 00017594) as MD & CEO of the Company for a further period of three (3) years w.e.f 30.05.2021 and subject to the approval of shareholders at the ensuing AGM of the Company.<BR> <BR> 2.Has re-appointed Mr. Mayur Shah (DIN: 00016358) as Jt-MD of the Company for a further period of three (3) years w.e.f 30.05.2021 and subject to the approval of shareholders at the ensuing AGM of the Company.<BR> <BR> 3.Has re-appointed Mr. Mahesh Shah (DIN: 00017559) as Jt. MD of the Company for a further period of three (3) years w.e.f 30.05.2021 and subject to approval of shareholders at the ensuing AGM of the Company.<BR> <BR> Thanking you,<BR> <BR> Yours faithfully,<BR> <BR> MAXIAMA SYSTEMS LTD.