Maha Rashtra Apex Corporation Limited approved regularization of appointment of Directorship of Mr. Madhusudan Kudlugi Raghavendrarao (DIN: 07636397) as a Non-Executive Non-Independent Director of the Company. Date of first Appointment on Board 30 May, 2023. Mr. Madhusudan Kudlugi Raghavendrarao worked as CFO Performance Coatings for India at Akzo Nobel India Limited for 19 years.

Also working with leadership teams of few companies as Management Consultant on systems, processes and strategies apart from heading a start- up in food and nutrition for about 6 years.