Strides Pharma Science Limited at the meeting held March 29, 2022, approved Dr. R Ananthanarayanan, the incumbent Managing Director & CEO of the Company, has decided to move on from Strides to pursue his personal interests outside the organization. His resignation shall be effective from the closing business hours of March 31, 2022. Consequently, Dr. Ananth shall also cease to be the Key Managerial Personnel of the Company effective closing business hours of March 31, 2022.

Mr. Arun Kumar, Founder and Chairperson (Non-Executive Director) of the Company, has been appointed as the Executive Chairperson & Managing Director of the Company. Based on the recommendation of the Nomination & Remuneration Committee, the Board of Directors of the Company, have approved the appointment of Mr. Arun Kumar for a period of three years with effect from April 7, 2022. Consequent to the appointment of Mr. Arun Kumar in the Executive position, he is also appointed as one of the Key Managerial Personnel of the Company effective April 7, 2022.