The Board of Directors of DCM Shriram Industries Limited in its meeting held i.e., 29 October 2019, on recommendation of the Nomination & Remuneration Committee, decided Shri Narayan Rao Karanam on completion of his tenure as Whole Time Director will be demitting office on 31 October 2019. He has accordingly tendered his resignation from the Board as a Director liable to retire by rotation from 31 October 2019, which has been accepted by the Board. As per the practice followed by the Company, the positions are co-terminus. The Board in the same meeting inducted Shri Nalin Kumar Jain, presently Chief Financial Officer, on the Board in the casual vacancy to be caused by the resignation of Shri K.N.Rao and appointed him as Director Finance & CFO, with effect from 01 November 2019, subject to the approval of the shareholders under section 196 &'197 read with Schedule V of the Companies Act,2013 and the SEBI (LODR) Regulations, 2015 to the extent applicable, for a period of one year and 8 months i.e., till June 30, 2021.