The Board of Directors of Vadilal Enterprises Limitedat its meeting held on August 9, 2023 and approved the following: Upon the recommendation of Nomination and Remuneration committee, considered and approved the appointment Of Mr. Rajesh R. Gandhi as a Managing Director of the Company designated as a "Chairman & Managing Director" for a period of five years effective on August 9, 2023. Upon the recommendation of Nomination and Remuneration committee, considered and approved the appointment of Mr. Devanshu L. Gandhi as a Managing Director of the Company for a period of five years effective on August 9, 2023.