JSW Ispat Special Products Limited informed that the Board of Directors at its meeting held on 16 January, 2023, has inter alia taken on record/approved the following changes in the Board of Directors of the Company: Resignation of Mr. Kaushik Subramaniam as the Director of the Company with effect from close of business hours of 16 January, 2023; Appointment of Mr. Aditya Gupta as an Additional Director of the Company with effect from 17 January, 2023. Mr. Kaushik Subramaniam has resigned as Non-Executive (Non-Independent) Director of Company owing to other professional pre- occupations and commitments. Aditya Gupta, Principal, AIP Investment Advisors Private Limited (AIP) joined AIP in 2018 and has worked on private equity, hybrid and credit investments in Indian markets.

He has over 19 years of experience in Corporate Finance. Prior to joining AIP, he ran a financial advisory firm and advised clients on fund raise. He has extensive experience in credit markets covering infrastructure finance, leverage buy-outs, acquisition finance, debt capital markets and has strong relationships with emerging and large corporate clients across India.

Mr. Aditya Gupta has also worked in ICICI Bank UK PLC, HSBC and ABN AMRO Bank. He completed his MBA from Faculty of Management Studies, Delhi University and Bachelor of Engineering in Mechanical with a Distinction, from Delhi college of Engineering, Delhi University.