G. G. Dandekar Machine Works Limited announced that Mr. Mangesh Joshi, Executive Director of the Company has tendered his resignation as Director vide letter dated 6th April 2022. The Board of Directors in its meeting held on April 6, 2022, has accepted his resignation with immediate effect and taken the same on record. The Board of Directors in the said meeting has co-opted Mr. Pranav Deshpande as an Additional Director & has appointed him as an Executive Director for a term of three years with effect from 6th April 2022 up to 5th April 2025, subject to the approval of Members of the Company.

He will be a Director liable to retire by rotation and his reappointment as such Director shall not be deemed to constitute a break in his appointment as the Executive Director. Mr. Pranav Deshpande is a Financial Analyst and holds Masters' Degree in Management Sciences. He was associated with Kirloskar Group from 2009 to 2016.

He has a strong background in Finance, Taxation, Project Management and Strategy. His addition to the Team will help to strengthen the Company's operations in a long run.