Grindwell Norton Limited Based on the recommendation of Nomination and Remuneration Committee. The Board of Directors at its meeting held on February 4, 2020, has appointed Mr. Santhanam as an Addittional Director of the Company with effect from February 4, 2020. Pursuant to sub-section (I) of Section 161 of the Companies Act, 2013, Mr. Santhanam will hold office up to the date of next Annual General Meeting of the Company.

The Board of Directors of the Company has noted and taken on record the retirement of Mr. Anand Mahajan, Managing Director of the Company with effect from April 1, 2020. Consequent to the retirement of Mr. Anand Mahajan. Managing Director of the Company and based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors at its meeting held on February 4, 2020 has also appointed Mr. Santhanam as Managing Director of the Company for a period of five (5) years with effect from April 1, 2020, subject to the approval of the Members at the next Annual General Meeting of the Company.

The company also announced resignation of Ms. Marie-Armelle Chupin and Cessation of Mr. Krishna Prasad. Ms. Marie-Armelle Chupin has resigned from the Board of Directors of the Company with effect from closing business hours of February 4, 2020, due to other professional commitments. The Board of Directors has accepted her resignation.

At the 67th Annual General Meeting of the Company held on July 26, 2017. Mr. Krishna Prasad was appointed as a Whole-Time Director designated as Executive Director of the Company for a period of five (5) years with effect from May 23, 2017, upon his appointment as an Alternate Director to Ms. Marie-Annelle Chupin. Consequent to the resignation of Ms. Marie-Armelle Chupin, Mr. Krishna Prasad also ceased to hold office of Director.