Aarti Industries Limited announced change in designation from Executive Director to Non-Executive Director; Smt. Hetal Gogri Gala (DIN: 00005499) has conveyed her intention to step down as an Executive Director since she has taken up executive role as `Vice Chairperson and Managing Director of `Aarti Pharmalabs Limited' effective from October 17, 2022, however, consented to continue as `Non-Executive Director' of the Company. The Board of Directors in its meeting held on November 14, 2022 approved her continued association as a Non- Executive Director and taken on record her contribution to the Company in the executive category.

Smt. Hetal Gogri Gala has confirmed that there are no other material reasons other than mentioned above. Shri Narendra Jagannath Salvi (DIN: 00299202) has conveyed his intention to step down as an Executive Director since he has taken up executive role as the `Managing Director' of `Aarti Pharmalabs Limited' effective from October 17, 2022, however, consented to continue as `Non-Executive Director' of the Company.

The Board of Directors in its meeting held on November 14, 2022 approved his continued association as a Non-Executive Director and taken on record his contribution to the Company in the executive category. Shri Narendra Jagannath Salvi has confirmed that there are no other material reasons other than mentioned above.