Parag Milk Foods Limited approved the appointment of Mr. Surendra Malaviya, as the Interim- Chief Financial Officer and Key Managerial Personnel of the Company with effect from June 30, 2022. The Board is in process of selecting full time Chief Financial Officer of the Company. A permanent appointment will be announced in due course.

Mr. Surendra Malaviya has more than 11 years of experience in corporate sector. He is associated with Parag Milk Foods since last Five years and currently appointed as interim- CFO. His present role involves Financial Planning, Commercial, Audit & Taxation, Costing & Budgeting, SAP implementation, Banking, Secretarial and Legal.

He believes that technology is future and not a fad and hence insists that one should embrace it as it is positively enhancing industries and business models. Prior to Parag Milk Foods, he has worked with Kanakia Spaces Realty Pvt. Ltd., Skyway RMC Plants Pvt.

Ltd. and V.J. Shroff & Co. practicing Chartered Accountants, Mumbai to name the few. His educational background comprises of MBA in Finance from Jamnalal Bajaj Institute of Management Studies, Mumbai, Masters in Commerce and LLB from Mumbai University.

He is currently designated as DGM - Finance & Accounts in the Company.