Piramal Enterprises Limited at its meeting held on 14th October, 2020 appointed 2 Independent Directors, Mr. Suhail Nathani and Mr. Kunal Bahl, to the Board. The Company, being cognizant of the imminent maximum tenure guidelines, and to ensure continued smooth functioning of the Board, has had discussions relating to succession planning for the Independent Directors and it is in this regard that 3 Independent Directors of the Board, Mr. Keki Dadiseth, Dr. R. A. Mashelkar and Professor Govardhan Mehta have tendered their resignations as Independent Directors with effect from the close of business hours on 28th October 2020.