BALMER LAWRIE & CO.LTD. - Announcement under Regulation 30 (LODR)-Change in Directorate

In compliance of Regulation 30 of the LODR read with Para A of Part A of Schedule III thereof, this is to further inform that the Members at the 105th Annual General Meeting of the Company held on Tuesday, 27.09. 2022 at 12:00 Noon IST through Two-way Video Conferencing/Other Audio-Visual Means, have approved the appointment of Shri Adika Ratna Sekhar, (DIN: 08053637) as Chairman and Managing Director of the Company in the pay scale of Rs. 1,80,000-3,20,000 with effect from the date of his assumption of charge, i.e. 3.11.2021 till the date of his superannuation, i.e. 30.06.2024, or until further orders from the Ministry of Petroleum & Natural Gas, Government of India (Administrative Ministry), whichever is earlier, on such terms and conditions as stated in letters bearing reference no. CA-31024/2/2020-PNG (36125) dated 3rd November, 2021 and 29th December, 2021 received from the Administrative Ministry and whose period of office shall be subject to retirement of directors by rotation.