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Inter alia considered and approved the change in the Board of Directors of the Company as follows: (i) Retirement of Mr. Anand Kripalu from the post of Managing Director & Global CEO of the Company with effect from December 31, 2025 The Board took note of and approved the proposal with respect to retirement of Mr. Anand Kripalu (holding Director Identification Number: 00118324) from the post of Managing Director & Global CEO of the Company with effect from closure of business hours on December 31, 2025. The Board thanked and extended its gratitude to Mr. Kripalu for his impactful leadership, and for his enormous contribution in strengthening Company s market leadership during his tenure as the Managing Director & Global CEO of the Company. (ii) Change in designation of Mr. Anand Kripalu as the Executive Director of the Company, from January 1, 2026 up to March 31, 2026 In view of Mr. Kripalu having agreed to continue as a Member of the Board of Directors and to be in the employment of the Company until March 31, 2026, in an advisory capacity and for any assistance required, the Board has approved the change in his designation as the Executive Director of the Company, from January 1, 2026 up to March 31, 2026. (iii) Appointment of Mr. Anand Kripalu as an Additional Director of the Company with effect from April 1, 2026, proposed to be appointed as a Non-Executive, Non-Independent Director of the Company Considering Mr. Kripalu s significant contributions during his tenure as the Managing Director & Global CEO and based on the recommendation of its Nomination and Remuneration Committee, the Board also considered and approved his appointment as an Additional Director of the Company with effect from April 1, 2026, proposed to be appointed as a Non-Executive, Non-Independent Director of the Company subject to approval of the Shareholders of the Company, whereby he can continue offering strategic guidance to the Company as a part of the Board of Directors
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