Pursuant to the completion of the transactions contemplated in the share purchase agreement dated August 1, 2022 entered into between Shiva Performance Materials Private Limited (Purchaser) and INEOS Styrolution APAC Pte Ltd. (SPA), the board of directors of INEOS Styrolution India Limited at its meeting held on November 17, 2022, took note of the acquisition of 10,761,178 equity shares of the Company by the Purchaser under the SPA on November 17, 2022 and noted that the Purchaser: is in sole control of the Company; and is the promoter of the Company in accordance with applicable law, with effect from November 17, 2022. The Board considered and accepted the resignation of Sanjiv Vasudeva from directorship as Managing Director & Chief Executive Officer with effect from November 17, 2022.