Balkrishna Paper Mills Limited approved the following executive changes at the meeting held on December 9, 2023. Shri Mangesh D. Teli, appointed as an Additional Director (Independent Director) on the Board of the Company with effect from 9th December, 2023. Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No CIR/CFD/CMD/4/2015 dated 09/09/2015 are given in Annexure B. Term of appointment:Appointment will be for one term of 3 (Three) years with effect from 9th December, 2023.

Breif profile of Shri Manges D. Teli:Prof. Mangesh D. Teli, aged 71 years, holds a Bachelor's degree in Science (Hons) as well a Bachelor's degree in Science(Tech) and a Ph. D (Tech). He is currently a Senior Professor and Member of the Board of Management Institute of Chemical Technology.

Shri Tei, is not related to any Director(s) or KMP of the Company as defied under the provisions of section 2(77) of the Companies Act, 2013, and is not debarred from holding the office of director by virtue of any SEBI order or any other statutory authority. Company also approved Appointment of Shri Manish Malpani from Non-Executive Non- Independent Director to Whole Time Director with effect from 9h December, 2023. Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No CIR/CFD/CMD/4/2015 dated 09/09/2015 are given in Annexure C. Term of appointment: Appointment will be for one term of 5 years commencing with effect from 9th December, 2023.

Brief Profile: Shri Manish Malpani, aged 44 years, is a Chartered Accountant and member of Institute of Chartered Accountants of India (ICAI) since 2003 and graduated from M.D.S. University, Rajasthan in 1999. He is also passed Chartered Secretary (ICSI) in the year 2008. Shri Malpani is a dynamic & highly proficient Chartered Accountant with over 20 years of multi-faceted experience in Corporate Finance, Accounts, Commercial Controls, Strategic Management and Information Technology.

Shri Malpani, is not related to Company as defined under the provisions of section 2(77) of the Companies Act, 2013, and is not debarred from holding the office of director by virtue of any SEBI order or any other statutory authority.