M M Forgings Limited announced that, consequent to the completion of tenure of appointment, Shri. N. Srinivasan, Non-Executive Independent Director, he ceases to be the Chairman of the Board of the Company, effective 31 March 2024. Pursuant to the provisions of Section 203 read with respective rules of the Companies Act, 2013 and the articles of association of the Company and on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, in their meeting held on 15 March 2024, had appointed Shri.

Vidyashankar Krishnan as Chairman of the Company, effective 01 April 2024. Accordingly, Shri. Vidyashankar Krishnan shall hold the position as Chairman and Managing Director of the Company, effective 01 April 2024.

The Board of Directors conveyed their wholehearted appreciation for the long term association and the vital role and support provided by Shri. N. Srinivasan in the role of Chairman and Director of the Company. Shri.

Vidyashankar Krishnan, aged 58 years, holding DIN 00081441, is a Post Graduate in Engineering from I.I.T., Chennai, having around 33 years of experience. He has served in the Company's Board since April 1997. He was appointed as Managing Director of the Company in February 1999.

He was further elevated as Vice Chairman and Managing Director of the Company effective 24 October 2012. He has extensive experience in forgings industry for over three decades. He has played a pivotal role towards the growth of the Company.

His accomplishments include major expansion at Viralimalai plant, setting up of plant at Padappai, setting up of Wind farm and solar sites at various places. He has been instrumental in steering the Company with the broader sustainability agenda and his extraordinary efforts have witnessed key decisions with major expansions and acquisitions. Under his leadership, M M Forgings Limited has been accredited as "India's Most Admirable Brand 2022" under the category "Forging Excellence." Shri.

Vidyashankar Krishnan has been conferred as "India's Top Minds 2022" and has been recognized as one of the "Top Business Leaders of the Nation". Consequent to completion of tenure of Shri. N. Srinivasan, Shri.

V. Vaidyanathan and Shri. A. Gopalakrishnan as a Non-Executive Independent Director (NEID) of the company effective 31 March 2024, they also cease to the Member of the respective Committee of Board of Directors, effective that date. Accordingly, the Board of Directors, in their meeting held 15 March 2024, had approved the reconstitution of the following Committee of the Board effective 31 March 2024.

Audit Committee: Shri. Shankar Athreya, NEID, the existing Member of the Committee, has been appointed as Chairman of the Committee, effective 31 March 2024. Shri.

Subramanian Radhakrishnan and Shri. S. Krishnakumar who are appointed by the Board effective 08 March 2024, has been inducted as Members of the Audit Committee, effective 31 March 2024. The Reconstituted Audit Committee, effective 31 March 2024 shall be as follows: Shri.

Shankar Athreya, Chairman, Non-Executive Independent Director, Shri. Vidyashankar Krishnan, Member, Executive Director, Smt. Kavitha Vijay, Member, Non-Executive Independent Director, Smt.

Sumita Vidyashankar, Member, Non-Executive Non-Independent Directors, Shri. Subramaniam Radhakrishnan, Member, Non-Executive Independent Director, and Shri. S. Krishnakumar, Member, Non-Executive Independent Director.

Nomination and Remuneration Committee (NRC): Shri. Shankar Athreya, NEID, the existing Member of the Committee, has been appointed as Chairman of the Committee, effective 31 March 2024. Shri.

Subramanian Radhakrishnan and Shri. S. Krishnakumar who are appointed by the Board effective 08 March 2024, has been inducted as Members of the Nomination and Remuneration Committee, effective 31 March 2024. The Reconstituted Nomination and Remuneration Committee, effective 31 March 2024 shall be as follows: Shri.

Shankar Athreya, Chairman, Non-Executive Independent Director, Smt. Kavitha Vijay, Member, Non-Executive Independent Director, Smt. Sumita Vidyashankar, Member, Non-Executive Non-Independent Directors, Shri.

Subramaniam Radhakrishnan Member, Non-Executive Independent Director, and Shri. S. Krishnakumar, Member, Non-Executive Independent Director. Stakeholders' Relationship Committee: Shri.

S. Krishnakumar who was appointed by the Board effective 08 March 2024, has been inducted as Member and the Chairman of the Stakeholders' Relationship Committee, effective 31 March 2024. The Reconstituted Stakeholders' Relationship Committee, effective 31 March 2024 shall be as follows: Shri. S. Krishnakumar, Chairman, Non-Executive Independent Director, Shri.

Vidyashankar Krishnan, Member, Executive Director, Shri. K. Venkatramanan, Member, Executive Director, Smt. Sumita Vidyashankar, Member, Non-Executive Non-Independent Director, Smt.

Kavitha Vijay, Member, Non-Executive Independent Director, and Shri. Shankar Athreya, Member, Non-Executive Independent Director. The Reconstituted Risk Management Committee, effective 31 March 2024 shall be as follows: Shri.

Vidyashankar Krishnan, Chairman, Executive Director, Shri. K. Venkatramanan, Member, Executive Director, Smt. Sumita Vidyashankar, Member, Non-Executive Non-Independent Directors, Smt.

Kavitha Vijay, Member, Non-Executive Independent Director, Shri. Shankar Athreya, Member, Non-Executive Independent Director, Shri. Ramnath Nagarajan, Member, Senior Managerial Personnel, and Shri.

Krishnakumar Raman, Member, Senior Managerial Personnel. The Reconstituted CSR Committee, effective 31 March 2024 shall be as follows: Shri. Vidyashankar Krishnan, Chairman, Executive Director, Shri.

K. Venkatramanan, Member, Executive Director, Smt. Sumita Vidyashankar, Member, Non-Executive Non-Independent Directors, and Shri. Shankar Athreya, Member, Non-Executive Independent Director.