The board of directors of Greaves Cotton Ltd. at its meeting held on September 26, 2016, has appointed Mr. Nagesh Basavanhalli as an additional director of the company with effect from September 27, 2016. He was also appointed as managing director and CEO of the company with effect from the same date for a period of 3 years. Mr. Basavanhalli is a Global Automotive Executive with more than 20 years of rich and varied experience of working with multiple OEMs (FLAT Chrysler, Daimer Chrysler).

His last assignment was with ATG Group as Group President heading businesses for Emerging Markets. He was previously the president and managing director of FIAT Chrysler India. Ms. Monica Chopra has tendered her resignation as director, company secretary and compliance officer of the company.

The resignation is effective December 26, 2016. The appointment is subject to the approval of the shareholders of the company.