Multibase India Limited announced that Members of the Company, on March 30, 2024 (the last day of remote e-voting through Postal Ballot), have approved the appointment of Mr. Piyush Chhajed (DIN: 02907098) and Mr. Renganathan Bashyam (DIN: 01206952) as the Non-Executive Independent Directors. Mr. Harish Motiwalla (DIN: 00029835) has completed his second and final term as an Independent Director with effect from March 31, 2024. Accordingly, Mr. Harish Motiwalla shall also cease to be the Chairman of the Company with effect from the above date. Mr. Ashok Chhabra (DIN: 00059677) has completed his second and final term as an Independent Director with effect from March 31, 2024. Mr. Renganathan Bashyam (DIN: 01206952) is appointed as the Chairman of the Board of Directors with effect from April 01, 2024. Mr. Piyush Chhajed has more than 23 years of experience and specialized in Direct & Indirect Taxation Advisory & Litigation. Mr. Piyush is a member of the Central Council of the Institute of Chartered Accountants of India (ICAI) from the year 2022 to 2025. He is serving all the
three pivotal Standing Committees - Executive, Examination & Finance, showcasing his multifaceted understanding of the profession. He is also the Vice Chairman of Direct Tax Committee and Expert Advisory
Committee. He is a Member of the Working Committee for the ASEAN Federation of Accountants (AFA) and also represents ICAI at AFA. Beyond his professional pursuits, Mr. Piyush Chhajed is actively engaged in
various trusts and organizations, where he serves as an Independent Director, Honorary Board Member, Honorary Vice President, and Trustee in different capacities, further showcasing his commitment to social and community
welfare. Mr. Renganthan Bashyam is recognized as one of the leading executives in corporate compliance with 33 years of rich experience. Mr. Renaganathan Bashyam is a senior corporate professional with a proven track record in Investment Banking, Corporate Secretarial Affairs, NBFCs, Mergers & Acquisitions, Issue Management, Board Management, Regulatory, Corporate Governance, Compliance and related areas. Presently, a Corporate Law Advisor to certain groups and clients in the financial, healthcare sectors. Mr. Renganthan Bashyam is also a passionate educator and trainer with extensive experience in teaching. He was also a member of the sub- committee of the Company Law Review Committee constituted by the Ministry of Corporate Affairs to review the Companies Act, 2013, Capital markets committee of CII, Secretarial Standards Board of the
Institute of Company Secretaries of India (ICSI), Board of Studies on Corporate Governance of National Institute of Securities Markets.