Hindalco Industries Limited that the Board of Directors in the meeting held May 28, 2016 has taken the following decisions: Mr. D. Bhattacharya, will be demitting Office as Managing Director of the company with effect from close of business hours of 31st July 2016. He will however, continue as a Non Executive Director. The Board has appointed him as the Vice Chairman on the Board of the company. Consequent to the above, the Board of the company has appointed Mr. Satish Pai, currently Deputy Managing Director, as the Managing Director of the Company with effect from 1st August, 2016 for a term of 5 years. He is also appointed as the Whole time Key Managerial Personnel of the Company. The Board has inducted Mr. Praveen Kumar Maheshwari: Chief Financial Officer of the Company as the Whole Time Director on the Board of the Company for a term of 5 years. Board has also inducted Mr. Girish Dave as an Independent Director on the Board of the company.