Nitta Gelatin India Limited announced further to its letters dated May 19, 2023 and May 22, 2023, regarding the resignation of Mr. Philip Chacko M, Managing Director of the company, the company noted that the board of directors at their meeting held on May 29, 2023 has decided to relieve Mr. Philip Chacko M from the service of the company by the close of working hours of May 31, 2023. The company further announced that the board has appointed Mr. Sajiv K Menon as the Managing Director of the Company with effect from June 01, 2023 till the conclusion of the annual general meeting (AGM) to be held in the year 2024. Mr. Sajiv K Menon is a B. Tech in Chemical Engineering, PGDM (Fin.& Mktg) from IIM, Bangalore, and a Fullbright Scholar at Carnegie Mellon University, USA.

Mr. Sajiv K. Menon had a long tenure of more than 30 years' experience in various capacities in Engineering and Chemical Industries before taking charge as Managing Director of NGIL on April 01, 2014. He held the position of Managing Director for a period of eight years. Consequent to the completion of his term as the Managing Director in NGIL, Mr. Menon was part of the Board of Directors in the capacity of Non-Executive Director.