Shriram Pistons & Rings Limited Board of Directors of the Company at its meeting held on March 28, 2024 approved the following: Mr. Masaaki Yamaguchi has tendered his resignation as Non-Executive Non-Independent Director of the Company effective from close of business hours of March 31, 2024, citing pre-occupation and other work commitments. Based on the recommendation of the NRC, considered and approved the appointment of Mr. Yasunori Maekawa as Alternate Director to Mr. Naofumi Yamamura with effect from April 01, 2024. He holds a bachelor's degree in Science and Engineering from WASEDA University, japan.

He has long & varied experience and considerable exposure to international operations. Sh. Alok Ranjan shall cease to hold office as Non-Executive Independent Director of the Company effective from close of business hours of March 29, 2024, upon completion of his tenure as approved by the shareholders of the Company at the 55th AGM of the Company held on July 9, 2019.