The Board of Directors of Next Mediaworks Limited at its meeting held on 3rd April, 2023 has, inter-alia, transacted the following businesses: Took note of the resignation of Mr. Ajit Dheer as Chief Executive Officer (KMP under the Companies Act, 2013) of the Company effective 17th April, 2023. Mr. Dheer has also resigned as Chief Executive Officer of Next Radio Limited (`NRL'), material subsidiary company effective 17th April, 2023. The company approved the appointment of Mr. Ramesh Menon as Chief Executive Officer (KMP under the Companies Act, 2013) of the Company w.e.f. 17th April, 2023.

Mr. Menon has also been appointed as Chief Executive Officer of NRL w.e.f. 17th April, 2023. Mr. Menon is a Business Leader with over 3 decades and has held general management positions in family-owned businesses as well as global corporations in the FMCG, retail, manufacturing, telecom, and media sectors. He has demonstrated the capacity to drive organizations through the conceptualization and deployment of strategy, people and cultural transformation, digital innovation, and new age go-to-market strategies.

He has prior experience managing significant revenue streams with aggressive market share and business growth goals in highly competitive situations. Mr. Menon is currently the Group CEO of Wingreens Farms. Previous to this, he was CEO of HT Media Group's Radio Business, where he changed and pivoted the business to become a digital-led audio and music organisation, and before that, he was Chief Business Officer - Digital Innovation & New Business, where he launched many new products and platforms for HT Media Group. Before joining HT Media in 2019 Mr. Menon worked in Future Retail as Small Format CEO (1.4 Years), HyperCITY Retail as CEO (2 Years), Reliance Communications as National Head GSM (2 Years), Airtel as Hub CEO (4.3 Years), PepsiCo as EVP Operations (5.2 Years) and organization of repute such as Nuerth Metals, Spenser's Retail, Colgate Palmolive and ITC Limited.

Mr. Menon is PGDM from XLRI Jamshedpur (1990) and Bachelor's Degree in Economics from Vivekananda College, University of Madras (1987).