Strides Shasun Limited announced at their meeting held on May 18, 2017, consider and approved: Change in designation of Mr. Arun Kumar, Founder & Executive Vice Chairman of the company, has moved to a non-executive position and shall be the Chairman of the board effective May 18, 2017, appointed Mr. HOmi Rustm Khusrokhan as Independent Director of the company for the period of 5 years with effect from May 18, 2017, appointed Mr. Shashank Sinha as Managing Director of the company for the period of 3 years with effect from May 18, 2017. Shashank is the group CEO and associated with the company since March 2016 and appointed Mr. Badree Komandur as Executive Director of the company for the period of 3 years with effect from May 18, 2017.