Sanghi Industries Limited announced Mr. Ravi Sanghi has tendered his resignation from the position of Chairman and Managing Director of the Company, which was accepted by the Board with effect from the closure of the Board meeting held i.e. 7th December, 2023. Mr. Aditya Sanghi, Executive Director, has tendered his resignation from the Board of the Company, which was accepted by the Board with effect from the closure of the Board meeting held i.e. 7th December, 2023, Mr. Alok Sanghi, Executive Director, has tendered his resignation from the Board of the Company which was accepted by the Board with effect from the closure of the Board meeting held i.e. 7th December, 2023, Mrs. Bina Engineer, Executive Director, has tendered her resignation from the Board of the Company which was accepted by the Board with effect from the closure of the Board meeting held i.e. 7th December, 2023, Mr. Nirubha Gohil, Executive Director, has tendered his resignation from the Board of the Company which was accepted by the Board with effect from the closure of the Board meeting held i.e. 7th December, 2023. The following Independent Directors of the Company have tendered their resignations from the Board of the Company which were accepted by the Board with effect from the closure of the Board meeting held i.e. 7th December, 2023 (which was originally convened on 6th December 2023 but was adjourned to 7th December 2023): Mr. Sundaram Balasubramanian, Mrs. Raina Dilip Desai, Mr. Arvind Motilal Agarwal and Mr. Gurudeo M. Yadwadkar.

The Board has appointed following Directors as additional directors on the Board of the Company with effect from 7th December, 2023: Executive Director: Mr. Sukuru Ramarao. Non-Executive Non-Independent Directors: Mr. Ajay Kapur and Mr. Vinod Bahety. Resignation of Mr. Anil Agarwal as Company Secretary (CS), Compliance Officer and Key Managerial Personnel (KMP) with effect from close of business hours of 7th December, 2023.

Appointment of Mr. Manish Mistry as Company Secretary (CS), Compliance Officer and Key Managerial Personnel (KMP) of the Company with effect from 8th December, 2023. Brief Profile: Mr. Sukuru Ramarao has close to thirty seven years of strong professional experience in building material space. Ramarao is a Chemical engineer from SV University Tirupati.

Mr. S. Ramarao is responsible for leading plant teams towards higher productivity through combination of capex /Opex initiatives /adapting latest manufacturing practices and aim towards maximizing productivity through process re-design /optimized resource deployment. He is also responsible for defining strategy and lead Clusters/Plant teams in execution of all plant performance parameters to achieve manufacturing excellence. Brief Profile of Mr. Ajay Kapur has 25+ years of experience in the cement and construction, power and heavy metals sector.

He joined Ambuja Cement in 1993 as an Executive Assistant to the then Managing Director. He held various strategic positions over the last 2 decades and from 2014 to 2019, he served as the CEO and Managing Director of the Company. Prior to joining the Adani Group in June 2022, Mr. Ajay Kapur was CEO- Aluminium and Power and MD - Commercial at Vedanta Ltd. Most recently he served as CEO of Special Projects at Adani Ports and Special Economic Zone Ltd. Mr. Kapur is an economics graduate from St.

Xavier's University, Mumbai and an MBA from K.J. Somaiya institute of Management. Brief Profile of Mr. Vinod Bahety has more than 20 years of corporate life at various leadership positions in manufacturing and finance industry. Prior to joining as CFO of Ambuja Cements Limited, he has been Group Head - Merger & Acquisition & Corporate Finance for Adani Group.

Brief Profile of Mr. Manish Mistry is a Fellow Member of the Institute of Company Secretaries of India (ICSI), New Delhi, a Graduate in Commerce and Law from the M S University of Vadodara and Cost & Management Accountant (CMA). Mr. Mistry possesses over 18 years of experience in areas of corporate laws compliances, secretarial and legal. Before joining Adani Group in 2022, he worked with various reputed corporates like Bell Ceramics, Alembic Group, Cadila Group, GACL etc.

He has diversified experience of handling assignments like Mergers and Amalgamations (M&A), Corporate Restructuring, Acquisitions and Takeovers, Joint Ventures, Inspections and Investigations, due diligence and fund raising programs like FPOs, QIPs and debt securities etc.