TRF Limited, at its board meeting held on November 13, 2019, based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Mr. T.V. Narendran and Mr. Koushik Chatterjee as Additional Directors (Non-Executive, Non-Independent) on the Board of the Company. The said appointment(s) are effective immediately. Mr. T. V. Narendran (54) was inducted as Managing Director of Tata Steel effective September 19, 2013.

He was elevated as the Chief Executive Officer and Managing Director ('CEO & MD') on October 31, 2017 and was re-appointed as CEO & MD effective September 19, 2018. Mr. Chatterjee joined Tata Steel limited in 1995 in Jamshedpur. He was then transferred to Tata Sons Limited in 1999 in the Group Executive Office.

He re-joined Tata Steel limited on August 1, 2003 and was appointed as the Group CFO in 2008. He was inducted on the Board of Tata Steel Limited effective November 9, 2012. Further he was appointed as Group Executive Director (Finance & Corporate), Tata Steel in 2013 and re-appointed as Whole Time Director effective November 9, 2017 and re-designated as Executive Director and Chief Financial Officer.

The board also appointed Mr. T. V. Narendran as the Chairman of the Board effective November 13, 2019 in place of Mr. Rajesh Ranjan Jha. However, Mr. Jha will continue as a Member of the Board. Mr. Ranganath Raghupathy Rao, Non-Executive Director, Mr. Sumit Shubhadarshan, Managing Director and Mr. Shaktishree Das, Chief Financial Officer of the Company resigned from their respective positions.

The resignations are effective immediately. The Board took on record their resignations. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Mr. Alok Krishna as an Additional Director effective immediately and as the Managing Director and Key Managerial Personnel of the Company for a period of 3 years, effective November 13, 2019 through November 12, 2022, subject to approval of shareholders.

He joined Tata Steel in 1990 as Graduate Trainee and completed several stints in Operations & Maintenance in his initial years. Based on the recommendation of the Nomination and Remuneration Committee and the approval of the Audit Committee, the Board of Directors approved the appointment of Mr. N. S. Raghu as the Chief Financial Officer and Key Managerial Personnel of the Company effective immediately. He joined Tata Steel in 1991 as Officer Accounts and grew to the level of Deputy Manager Accounts.