Crompton Greaves Consumer Electricals Limited announced that the Board of Directors upon recommendation of Nomination and Remuneration Committee considered and approved the appointment of Mr. Sanjiv Kakkar as an Additional Director designated as a Non-Executive Independent Director with effect from October 17, 2023. The term of his appointment as an Independent Director will be for a period of five years, subject to the approval of shareholders . The Board of Directors upon recommendation of Nomination and Remuneration Committee considered and approved the appointment of Mr. Anil Chaudhry as an Additional Director designated as a Non-Executive Independent Director with effect from October 17, 2023.

The term of his appointment as an Independent Director will be for a period of five years, subject to the approval of shareholders. The company appoints Mr. Sundaram Damodarannair, Non-Executive Independent Director as the Chairman of the Board with effect from October 21, 2023 in place of Mr. Hemant Nerurkar. Mr. Hemant Nerurkar was appointed as a Non-Executive Independent Director with effect from January 25, 2016, to January 24, 2021, for a first term of five consecutive years and as the Chairman of the Board with effect of October 25, 2016.

He was re-appointed as a Non-Executive Independent Director on the Board of the Company for a second term with effect from January 25, 2021 to October 20, 2023, considering his attainment of age of seventy-five years on October 20, 2023. Mr. Hemant Nerurkar was appointed as a Non-Executive Independent Director with effect from January 25, 2016, to January 24, 2021, for a first term of five consecutive years and as the Chairman of the Board with effect of October 25, 2016. He was re-appointed as a Non-Executive Independent Director on the Board of the Company for a second term with effect from January 25, 2021 to October 20, 2023, considering his attainment of age of seventy-five years on October 20, 2023.