In terms of Regulation 30 of the Listing Regulations, this is to hereby inform that in furtherance to letter No. CA-31024/1/2019-PNG (30909) dated 14.07.22 received from the (MoPNG), Government of India, being the Administrative Ministry and in line with recommendation of Nomination and Remuneration Committee, the Board of Directors at its Meeting held on 5th August, 2022 have inter-alia, considered and approved the following, respectively:
i. Extinguishment of additional charge of Director (Manufacturing Businesses) entrusted upon Shri Adika Ratna Sekhar, (DIN: 08053637), Chairman and Managing Director and Director (Human Resource and Corporate Affairs) - (additional charge) with effect from 14th July, 2022 owing to the below mentioned appointment.
ii. Appointment of Shri R M Uthayaraja (DIN: 09678056) as an Additional, Whole-time Director to the post of Director (Manufacturing Businesses) on the Board of the Company with effect from 14th July, 2022.