MRF Limited appointed Mr. Vikram Taranath Hosangady (DIN:09757469), Mr. Ramesh Rangarajan (DIN: 00141701) and Mr. Dinshaw Keku Parakh (DIN: 00238735) as the Independent Directors of the Company with effect from the date of receipt of approval of the shareholders or the date of receipt of requisite clearances as may be required under applicable law for such appointment, whichever is later. Company has received necessary clearances from Government of India, on 7th February, 2023 for the appointments of Mr. Vikram Taranath Hosangady, Mr. Ramesh Rangarajan and Mr. Dinshaw Keku Parakh as Independent Directors of the Company. Accordingly, the appointment of Mr. Vikram Taranath Hosangady, Mr. Ramesh Rangarajan and Mr. Dinshaw Keku Parakh as Independent Directors of the Company takes effect from 7th February, 2023.

Mr. Vikram Taranath Hosangady is a seasoned business leader and finance professional with over 25 years of experience in being a strategic partner to global PEs and corporations, in their value creation journey. He has a progressive history of working with several founders of emerging corporates, in their journey of increased professionalism, governance, listing in locallglobal markets, guiding, hiring of board members and mentoring of next generation leader. Mr. Vikram Taranath Hosangady is a gold medallist in Commerce from Loyola College, Chennai and is a member of the Institute of Chartered Accountants of India and Institute of Cost Accountants of India.

Mr. Vikram Taranath Hosangady worked with KPMG in various positions from 2005 to 2022. He last held the position of head of Clients and Markets and Member of the India Leadership Team from 2021 to 2022. Prior to KPMG, he worked with EY in Deal Advisory wing from 2002 to 2004 and Arthur Anderson's, Audit wing from 1996 to 2001.

Mr. Ramesh Rangarajan is a family member of THE HINDU group of publications. He is the son of Late Shri S Rangarajan, who was the Chairman of MIs Kasturi ft Sons Limited). Mr. Ramesh Rangarajan is a graduate in Economics from Loyola College, Chennai and has wide and rich experience in the field of Advertising and Marketing.

He was on the Board of MIs Kasturi ft Sons Limited for 25 years and served in THE HINDU for over 30 years. During his tenure with THE HINDU, he was spearheading the Advertising and Circulation Departments and brought in many innovations which helped boost revenue growth of the newspaper. Mr. Dinshaw Keku Parakh is the Managing Partner of Tarapore & Company, a firm involved in the construction and engineering business.

Tarapore & Company has undertaken many projects all over the Country in its 9 decades of existence so far and are one of the main contractors for Prestige Builders, executing numerous projects for them in and around Bangalore.Other than contracting, the Company operates in the hospitality segment. Mr. Dinshaw Keku Parakh has over 25 years of experience in business and currently manages the day-to-day operations and finances of the firm. Mr. Dinshaw Keku Parakh holds a Bachelor's degree in Arts from D.G Vaishnav College, Chennai and a Masters degree in Business Administration from Clarks University, USA.

Mr. Dinshaw Keku Parakh currently serves on the Board of Directors at SICGIL India, as Joint Managing Director of Narbod Constructions, which runs the slag operations at Tata Steel, Jamshedpur. Apart from the involvement in his core business, Mr. Dinshaw Keku Parakh is also a trustee of family charitable trusts, which supports underprivileged sections of the society in education and healthcare. Mr. Dinshaw Keku Parakh is also the president of the Venkatesapuram Tarapore Educational Trust which runs several schools from Nursery up to the High School level in Chennai.