The board of directors of E.I.D.- Parry (India) Limited at its meeting held on August 09, 2023, Mr. A Sridhar, Chief Financial Officer, will be stepping down as the Chief Financial Officer of the Company with effect from the close of business hours on August 31, 2023. He will continue to be associated with the company in various strategic initiatives. Based on the recommendations of the Audit Committee and Nomination and Remuneration Committee, at their meeting held prior to the Board Meeting, the Board has approved the appointment of Mr. Y. Venkateshwarlu, who is currently designated as the Senior Associate Vice President - Finance as the Chief Financial Officer of the Company with effect from September 1, 2023.

Mr. Y. Venkateshwarlu is a Chartered Accountant by qualification. He has over 23 years of experience in multiple organizations in several areas including Financial Accounting & Reporting, Taxation, Treasury, financial planning, budgeting and Governance & compliance. He has expertise in Working Capital Management, Business Forecasting & Financial Modelling, debt rationalization, designing and implementation of Systems, policies & Procedures.

His previous assignments were in Initial Public Offerings, financial analysis such as budget setting, expense variance analysis & Financial consolidation, tracking of potential project revenue leakage, Indian tax compliance and submissions covering corporate tax, service tax and withholding taxes including tax returns, internal reporting and tax accounting. His previous assignments were with Shree Renuka Sugars Limited between 2018-2022, United Spirits Limited, Bangalore between 2006-18, Nicholas Piramal between 2005-06 and with SMS Pharmaceuticals Ltd. between 2001-05.