ADC India Communications Limited at its board meeting held on June 16, 2023, accepted the resignation tendered by Mr. Rakesh Kishore Bhanushali from the position of Chief Financial Officer and Key Managerial Personnel of the Company effective close of business hours of June 16, 2023. The Board placed on record its appreciation for the services rendered by him during his tenure as the Chief Financial Officer of the Company. Approved the appointment of Mr. Anandu Vithal Nayak as Chief Financial Officer and Key Managerial Personnel of the Company with effect from June 17, 2023.

Mr. Anandu Vithal Nayak, 47 years, is a qualified Chartered Accountant and a Member of the Institute of Chartered Accountants of India. He has over 20 years of professional experience in the domains of Financial Reporting, Internal Financial Controls, Internal Audit, Corporate Taxation, International Taxation, Transfer Pricing, Indirect Taxation, Merger & Acquisitions etc. He has worked with Wipro Infrastructure Engineering Limited, Himatsingka Seide Limited, V S Dempo Holdings Private Limited, Zuari Agro Chemicals Limited and CommScope.