Eureka Forbes Limited announced that the board of directors of the company, in their meeting held on June 20, 2022, has accepted the resignation of Mr. Marzin R. Shroff as the Managing Director (Executive Director) of the company. The resignation will be effective on such date as mutually decided, and which is expected to be in or around August 2022 and will move to a new role as Senior Advisor to both Advent International ('Advent') and Eureka Forbes Ltd. ('Eureka Forbes'). Marzin has led Eureka Forbes through a strong transformative phase, helping to grow the company and build iconic brands like Aquaguard and Forbes.

Marzin also led the transition process of Eureka Forbes to Advent from the Shapoorji Pallonji Group and has helped to develop Eureka Forbes' new growth strategy. Under Marzin's leadership, Eureka Forbes has nurtured a strong team centred on a culture of innovation and customer service. In his new role as Senior Advisor, Marzin will use his expansive industry knowledge to assist both Advent and Eureka Forbes with managing business risks, cultivating best in class talent and building strong leadership.