VL E-Governance & IT Solutions Limited (formerly known as Vakrangee Logistics Private Limited), a prominent player in the IT solutions space, has announced significant changes to its Board of Directors in a meeting held on December 4, 2024. These changes, which include appointments and resignations, are in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Appointments:

1. Mr. Hari Mohan has been appointed as an Additional Director (Non-Executive Independent Director) for a five-year term effective from December 4, 2024, subject to shareholder approval. Mr. Mohan is a distinguished personality with a post-graduate degree in mechanical engineering and extensive experience in defense technologies. He previously served in senior roles at various government entities, including as the Chairman of the Ordinance Factory Board. His insights into corporate governance and technological advancements are expected to bolster the company's strategic direction.

2. Mr. Nishikant Kishanrao Hayatnagarkar, a Doctorate in Computer Science from IIT-Powai, has been appointed as an Additional Director (Executive Director) for a term of five years. Mr. Hayatnagarkar is a renowned figure in microchip design and innovation. He has developed cutting-edge systems in voice recognition and multilingual keyboard technologies. His technical expertise aligns with the company's future goals and innovation strategy.

Resignations:

1. Mr. Amit Keval Sabarwal has resigned from his position as Non-Executive Non-Independent Director and from all committee memberships/chairmanships due to personal commitments, effective at the close of business on December 4, 2024. His resignation was confirmed without any material reasons other than those mentioned in his resignation letter.

2. Mr. Sanjeevkumar Tarachand Bohra has also resigned from his position as Non-Executive Independent Director and from all committee memberships/chairmanships, effective the same date, due to personal reasons.
   
   

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Disclosure Compliance: In line with SEBI regulations, the company has provided detailed disclosures about the changes in its board composition, which are essential for maintaining transparency in corporate governance. All newly appointed directors are not debarred from holding office, as confirmed in the announcements.

For further information, stakeholders and investors can refer to the official communications and documents provided by VL E-Governance & IT Solutions Limited. The company continues to enhance its leadership with individuals who bring significant expertise to the table.

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