Ambuja Cements Limited announced that Mr. Martin Kriegner has tendered his resignation from the Board of the Company with effect from September 16, 2022 due to transfer of ownership of Holderind Investments Ltd. . (Promoter Company) t o Endeavour Trade and Investment Ltd. ., Adani Group, pursuant to the share purchase agreem ent dated May 15, 2022, and the consequent cessation of Holcim Ltd. .'s control over t he Company. Mr. Jan Jenisch has tendered his resignation from the Board of the Company with effect from September 16, 2022 du e to transfer of ownership of Holderind Investments Ltd. (Promoter Company) to Endeavour Trade and Investment Ltd. ., Adani Group, pursuant to the share purchase agreement dated May 15, 2022, and the consequent cessation of Holcim Ltd. .'s control over the Company.

Mr. Christof Hassig has tendered his resignation from the Board of the Company with effect from September 16, 2022 due to transfer of ownership of Holderind Investments Ltd. (Promoter Company) to Endeavour Trade and Investment Ltd., Adani Group, pursuant to the share purchase agreement dated May 15, 2022, and the consequent cessation of Holcim Ltd.'s control over the Company. Mr. Then Hwee Tanhas tendered his resignation from the Board of the Company with effect from September 16, 2022 due to transfer of ownership of Holderind Investments Ltd. . (Promoter Company) to Endeavour Trade and Investment Ltd., Adani Group, pursuant to the share purchase agreement dated May 15, 2022, and the consequent cessation of Holcim Ltd.'s control over the Company.

Mr. Ramanathan Muthu has tendered his resignation from the Board of the Company with effect from September 16, 2022 due to transfer of ownership of Holderind Investments Ltd. (Promoter Company) to Endeavour Trade and Investment Ltd., Adani Group, pursuant to the share purchase agreement dated May 15, 2022, and the consequent cessation of Holcim Ltd.'s control over t he Company. Mr. Ranjit Shahani has tendered his resignation from the Board of the Company with effect from September 16, 2022 due to transfer of ownership of Holderind Investments Ltd. . (Promoter Company) to Endeavour Trade and Investment Ltd., Adani Group, pursuant to the share purchase agreement dated May 15, 2022, and the consequent cessation of Holcim Ltd. .'s control over the Company.

Mr. Mario Gross has tendered his resignation from the Board of the Company with effect from September 16, 2022 due to transfer of ownership of Holderind Investments Ltd. . (Promoter Company) to Endeavour Trade and Investment Ltd., Adani Group, pursuant to the share purchase agreement dated May 15, 2022, and the consequent cessation of Holcim Ltd. .'s control over the Company. Mr. Arun Kumar Anand, Representative of Life Insurance Corporation has tendered his resignation from the Board of the Company with effect from September 15, 2022 pursuant to withdrawal of Nomination by Life Insurance Corporation.

The following Independent Directors of the Company have tendered their resignations from the Board of the Company with effect from September 16, 2022: Mr. Nasser Munjee, Mr. Shailesh Haribhakti, Mr. Rajendra Chitale, Mr. Omkar Goswami and Ms. Shikha Sharma. Mr. N. S. Sekhsaria has tendered his resignation from the position of Chairman and Director of the Company, with effect from September 16, 2022 in order to focus in his other interests and endeavors. The Board has appointed following Directors with effect from September 16, 2022 Mr. Maheswar Sahu, Independent Director (DIN:00034051), Mr. Rajnish Kumar, Independent Director (DIN:05328267), Mr. Ameet Desai, Independent Director (DIN:00007116) and Ms. Purvi Sheth Independent Women Director (DIN: 06449636).