The board of directors of IFB Agro Industries Limited at its meeting held on November 1, 2021: Mr. Arup Kumar Banerjee, Vice Chairman and Managing Director has stepped down from the post of Managing Director with effect from November 1, 2021 and will continue to hold the office of the Executive Vice Chairman and Mr. Amitabha Mukhopadhyay, 57 years, (DIN: 01806781) has been appointed as Managing Director of the Company for a term of 3 years with effect from November 1, 2021. He fulfils the conditions specified in the Companies Act and rules made thereunder and is not debarred from holding the office of Managing Director, pursuant to any order of SEBI or any such other authority. He is not related to any other Directors of the Company. Both the above matters are subject to the approval of the members at the next General Meeting of the Company. Mr. Amitabha Mukhopadhyay, (DIN: 01806781), has worked as Group CFO for leading Indian groups for almost two decades and also held role as Business Head of disparate businesses. In a career spanning over three decades, mostly divided between Tata Group and Thermax, held leadership roles in corporate finance, M&A and corporate strategy. He has track record of successfully driving turnarounds and transformation as Business Head.