Symphony Limited announced that as part of the long term strategy, from time to time, the Company undertakes a structured transformation in role and responsibilities of the directors and senior managerial personnel including succession planning and following to the said strategy, upon recommendation of the Nomination and remuneration Committee and subject to the approval of Members, the Board of Directors has considered and approved the elevation and re-designation of Mr. Nrupesh Shah (DIN: 00397701), Executive Director of the Company as 'Managing Director - Corporate Affairs' with effect from October 26, 2023. Mr. Shah is having more than 35 years of diverse professional experience and deep insight in corporate affairs, strategic management, growth, financial performance improvement, Merger and Acquisition, finance, accounts, legal and secretarial matters. Mr. Shah played a key role in the company's growth and turn around during the difficult phase when the company was declared a sick in the year 2002.

Mr. Shah was appointed as an Executive Director in the year 2002 and since then he has been serving as an executive director of the Company. He has contributed significantly to growth, financial performance, acquisitions and varied corporate matters. He played a very important and crucial role in turnaround of the Company.

He brought established and makeshift transparency in financial, accounting and governance practices of the Company to boost the confidence of the lenders, investors and other stakeholders in the Company. He has played a pivotal role in setting higher standard in respect to relations with investors, analyst, other stakeholders. He represents the company before the various investor forum, analyst, and media.

Mr. Shah is a Chartered Accountant (CA), Company Secretary (CS) and holds bachelor's degree in commerce with exceptionally bright academic career.