Clariant Chemicals (India) Limited at its board meeting held on April 22, 2022 announced that nomination and appointment of Mr. Ravi Kapoor as the Non-Executive Director and Chairman of the Company, in place of Mr. Kewal Handa, with effect from April 23, 2022. Mr. Kewal Handa will continue to act as an Independent Director of the Company effective from April 23, 2022. The company announced appointment of Mr. Abhijit Naik as Whole Time Director for a period of 3 years from April 23, 2022 to April 22, 2025, subject To Approve the shareholders by way of a Special Resolution through Postal Ballot and all other applicable statutory approvals, as may be necessary.

The company also announced that Consequent to the acquisition of the Company by S K Capital and Heubach Group, and change in control of the Company, Mr. Alfred Muench, Mr. Thomas Wenger and Mr. Sanjay Ghadge, Non-Executive Directors of the Company, being Clariant's representatives, have resigned from the Directorship of the Company with effect from April 23, 2022. The Board placed on record its sincere appreciation to all the three Directors for the contributions made during their tenure. Mr. Ravi Kapoor has a rich experience of more than 27 years in setting up and running pigment and specialty chemical business.