Apar Industries Ltd — Board/Management Information 2022

Jan 31, 2022

SEC/3101/2022	BV E+ilirla	31S'january, 2022
National Stock Exchange of India Ltd.	BSE Ltd.
"Exchange Plaza",		Corporate Relationship Department,
C-l, BIock G,		27'h Floor, Phiroze jeejeebhoy Towers,
Bandra- Kurla Complex,	Dalal Street,
Bandra (E),	Fort'
Mumbai -400 051.	Mumbai . 400 001.
Scrip Symbol : APARINDS	Scrip Code : 532259
Kind Attn.: The Manaaer. Lislina Debt.		Kind Attn.: CorDorate Relationshio Debt.

Sub. : Intimation of Change in Director & Key Managerial Personnel (KMP) Ref. : Reg. 30 read with Para A(7) of Part A of Schedule Ill & all other applicable Regulations, if any, of the SEBl (LODR) Regulations, 2015, as amended from time to time

Dear Sir,

Pursuant to Regulation 30 read with applicable Schedule of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended from time to time, we would like to inform the following changes in the Board of Directors & Key Managerial Personnel (KMP) of the Company, as approved by the Board of Directors at its meeting held today i.e. 3lstjanuary, 2022 :-

1. Appointment of Mr. KailshalJ. Sampat (DIN: 01932997) as an Additional Director in the category of Independent Direc+or (Non-Executive) on the Board of the Company: The Board c>f Directors based on the recommendation of Nomination and Compeiisation-cum-Remuneration Committee have appointed Mr. Kaushal J. Sampat, as an Additional Directoi of the Company in tlle category of an Independent Director (Non-Executive) w.e.f. from 3lstJanuary, 2022 for a term of upto 5 (five) consecutive years subject to approval by the Shareholders of the Company.

Further, in accordance with the Circulars dated June 20, 2018, issued by the BSE Limited and National Stock Exchange of India Limited and based on affirmation given by Mr. KaushalJ. Sampat, we hereby confirm that Mr. KaushalJ. Sampat is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India (SEBl) or any other such authority.

APAR Industries Limited

Corporate Office. APAR House, Corporate Park, V N Purav Marg, Chembur, Mumbei 400 071, India +91 22 2526 3400/6780 0400 corporate@apar com www apar com

Regd Office. 301/306, Panorama Complex, RC Duff Road, AlkepurL Vadodara -390007, lndla +91265 6178 700/6178 709 apar baroda©apar com www apar com CIN l91110Gjl?89PLC012802

• 1. Resignation of Mr. Vivek c. Diwadkar as a chief Financial officer (CFO) & Key Managerial Personnel (KMP) of the Company due to his formal retirement : Mr. Vivek C. Diwadkar has tendered his resignation as Chief Financial Officer (CFO) of the Company w.e.f. the closure of working hours of the Company on 2nd February, 2022, due to his formal retirement from the Company which will happen on 3lst March 2022. The Board of Directors has taken note of and accepted his resignation and placed on record its sincere appreciation for Mr. Diwadkar's valuable services, guidance and contribution to the Company during his tenure and association with the Company.
• 1. Appointment of Mr. Ramesh seshan lyer as a chief Financial officer (CFO) & Key Managerial Personnel (KMP) of the Company: The Board of Directors of the Company based on the recommendations of Nomination and Compensation-cum-Remuneration Committee and Audit Committee have unanimously appointed Mr. Ramesh Seshan lyer as a Chief Financial Officer (CFO) of the Company w.e.f. 3rd February, 2022 who has been appointed to succeed Mr. Diwadkar through a planned transition process.

The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are enclosed in the Annexure A to this letter, the contents of which are self -explanatory.

This is fc>r the information of the exchanges and the mem.bers.

Thanking You,

Yours Faithfully, For APAR Industries Limited

(Sani.aya Kunder) Company Secretary

Encl. : Annexure A

Annexure A

Dotails under Regulation 30 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular CIR/CFD/CND/4/2015 dated Soptombor 9, 2015

Sr.No.	Particulars	Details of Change
		Mr. Kaushal Sampat (DIN: 01932997)	Mr. Yiv®k C Diwadkar	Mr. Ramosh lyer
1.	Reason for change viz. appointm® nt, resignation, removal, death or otherwise	Appointment as an Additional Directors in the categ o ry of Independent Director (Non-Executive).	Resignation as a CFO of the Company due to his formal retirement from the Company.	Appointment as a CFO of the Company to succeed Mr. Diwadkar through a planned transitionprocess.
2.	Date of appointment / cessation (as applicable) &	Effective from January 31, 2022.	W.e.f. the closure of working hours of the Company on February2,2022whichwillhappenon315'March2022.	Effective from February 3, 2022.
3.	Term of appointment	Mr. Kaushal I. Sampat has been appointed as an Additional Director of the Company, designated as an Independent Director (Non-Executive), for a term of upto 5 (five) consecutive years i.e. from January 31, 2022toJanuary30,2027,subjecttoshareholders'approvalbywayofaSpecialResolution.	Not Applicable.	Mr. Ramesh lyer has been appointed as CFO, Key Managerial Personnel of the Company in terms of the provisions of Section 203 and all other applicable provisions of the Companies Act, 2013.

4.	Brief profile (in case	Mr. Sampat holds	Not Applicable.	Mr. Ramesh lyer is a
	of appointment)	Master of Business		Chartered Accountant,
		Administration (MBA)fromBowlingGreenStateUniversity,Ohio,USAandDiplomainBusinessManagementfrom		Cost Accountant andCompanySecretarybyqualification.Hehas22yearsofexperienceinfinancedomain.PriortojoiningAPAR,hewasworkingwith
		Narsee Monjee		NITCO Limited as a
		Institute of		Chief Financial Officer
		Management Studies		and prior to NITCO he
		(NMIMS), Mumbai,		worked in consumer
		India. He has over 26		division of Godrej
		years of variedexperienceinGeneralManagement,Sales,InternationalBusinessDevelopment,		Group. His experiencespansacrossvariousfunctionswithinfinance,controls,planning,taxation,corporategovernanceandinternational
		Marketing andOperations,ofwhich,18yearswithDun&BradstreetIndiainvariousleadershiprolesincludingPresident&ManagingDirector.		business.
5.	Disclosu re of	Mr. Kaushal J. Sampat is	Not Applicable.	Not Applicable
	relationships between	not related to any
	directors (in case of	Director of the
	appointment of aDirector)	Con,pany.