LTM LIMITED — Board/Management Information 2024

Mar 7, 2024

LTIM/SE/STAT/2023-24/163

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March 7, 2024

National Stock Exchange of India Limited, Exchange Plaza, Bandra-Kurla Complex Bandra (E), Mumbai – 400 051

The BSE Limited,

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

NSE Symbol: LTIM

BSE Scrip Code: 540005

Dear Sir(s)/Madam,

Subject: Change in Key Managerial Personnel

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’), we wish to inform that Mr. Vinit Teredesai, Chief Financial Officer has tendered his resignation today to explore professional opportunities outside the L&T Group and his last working day would be April 24, 2024 (close of business hours) .

The Board of Directors at its meeting held today, accepted the aforementioned resignation, appreciated & recognized Mr. Vinit Teredesai’s contribution as Chief Financial Officer of the Company and wished him success for his future endeavors. The resignation letter is enclosed as Annexure 1.

We further wish to inform that upon recommendation of Nomination & Remuneration Committee and Audit Committee, the Board of Directors have appointed Mr. Vipul Chandra as Chief Financial Officer with effect from April 25, 2024. Mr. Vipul Chandra is currently Head of Treasury at Larsen & Toubro, the parent company. For brief profile of Mr. Vipul Chandra, refer enclosure to Annexure 2 .

Disclosure pursuant to Regulation 30 read with Para A, Part A of Schedule III of the SEBI LODR and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure 2 and a press release in this regard is enclosed as Annexure 3.

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The Board meeting commenced at 10:30 am and concluded at 1:25 pm.

The above information shall also be hosted on the Company’s website at: https://www.ltimindtree.com/investors/announcements/

The above is for your records and appropriate dissemination.

Thanking You,

Yours faithfully, For LTIMindtree Limited

Angna Digitally signed by Angna Arora Arora Date: 2024.03.07 13:26:39 +05'30'

Angna Arora Company Secretary & Compliance Officer Encl. As above

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Annexure 1

Subject:	Resignation
Sensitivity:	Confidential

From: Vinit Teredesai Sent: Thursday, March 7, 2024 7:07 AM To: Debashis Chatterjee Subject: Resignation

Dear DC,

As discussed with you, I hereby submit my resignation from the post of Chief Financial Officer of the company to explore opportunities outside the L&T group. I will be available till end of April 2024 to ensure seamless closure and sign-off of books for Financial Year 2024.

I hereby express my sincere thanks to you and the entire Board of Directors for the support and trust displayed in me during my tenure. I wish LTIMindtree all the success in the years to come.

Warm Regards,

Vinit Teredesai

CFO

1

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Annexure - 2

Details required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are as under –

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Name Mr. Vipul Chandra
Reason for change Appointment of Mr. Vipul Chandra as Chief Financial
Officer of the Company w.e.f. April 25, 2024 pursuant to
resignation of Mr. Vinit Teredesai as Chief Financial Officer
of the Company effective from close of business hours of
April 24, 2024.
Date of change w.e.f. April 25, 2024
Terms of appointment Appointed as Chief Financial Officer w.e.f. April 25, 2024
Brief Profile As enclosed
Disclosure of relationship between Not Applicable
Directors
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Enclosure – Brief Profile of Mr. Vipul Chandra

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Head – Treasury, Corporate Finance - L&T

Vipul Chandra (53), based in Mumbai has over 3 decades of rich experience in the finance function. He is currently the Head of Treasury - Corporate Finance for the Larsen and Toubro (L&T) since October 2013 and is responsible for various portfolio in the finance function including managing the banking relationships & operations, financial risk management, managing investments, advising on strategic transactions & fund raising including Offer For Sale for Larsen & Toubro Infotech Limited ( now LTIMindtree Limited) and L&T Technology Services Limited & Open Offer for Mindtree Limited.

Prior to joining L&T, he was associated with Citibank as Managing Director - Head of Corporate Sales & Structuring from 1995 to 2013.

He is an Engineer with specialization in Electronics and Communication from Delhi College of Engineering and is also a Post-Graduate (Diploma in Management) from IIM Calcutta.

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Annexure 3

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LTIMindtree appoints Vipul Chandra as Chief Financial Officer

Mumbai, India, March 07, 2024: LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced today that its Board of Directors has appointed Vipul Chandra as the Chief Financial Officer (“CFO”) of the Company with effect from April 25, 2024. Vinit Teredesai, who has been CFO since June 2020, has decided to pursue his professional interest outside the Company. Vinit will continue to serve as CFO till April 24, 2024.

The Board of Directors place on record their deep appreciation for Vinit’s contribution to the company during his tenure. Joining the erstwhile Mindtree during the pandemic, Vinit played a key role in the profitable growth journey of the organization by establishing strong financial controls and governance. He also significantly contributed to the successful merger of LTI and Mindtree, and continued to serve as CFO after the merger.

Vipul has a distinguished career spanning nearly three decades in Financial Markets, Risk Management, Banking Operations, and Treasury Management. Joining L&T in October 2013 as the Head of Treasury in Corporate Finance, he has been instrumental in leading the efforts of the company in capital structuring and allocation, resource mobilization, working capital and financial risk management across the group. Vipul has also significantly contributed to the execution of several strategic financial transactions such as IPO, OFS, share buybacks, and business portfolio divestments.

Prior to joining L&T, he worked with Citibank in India as Managing Director, Head of Corporate Sales and Structuring in the Global Markets business. He is an Engineer with specialization in Electronics and Communication from Delhi College of Engineering and is also a Post-Graduate (Diploma in Management) from IIM Calcutta.

Commenting on the appointment, A.M.Naik, Chairman LTIMindtree said, “Leadership planning is one of the key focus areas of L&T Group. Through career progression mapping we ensure that key talent gets experience of multiple roles within the system. Vipul Chandra has been in various senior roles within the organisation for more than a decade. Through his experience of 3 decades & his in-depth knowledge about L&T group we are sure he would lead the finance function of LTIMindtree ably. I would also like to appreciate the work done by Vinit Teredesai and wish him well for his future endeavors”.

Debashis Chatterjee, CEO & MD, LTIMindtree said, “I would like to welcome Vipul to LTIMindtree and I am sure that his long association with the L&T Group would provide immense value to LTIMindtree. I would also like to thank Vinit for his contribution to the success of the organization, and wish him the very best for the future.”

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About LTIMindtree:

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 82,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. For more information, please visit https://www.ltimindtree.com/.

Media Contact : Shambhavi Revandkar | shambhavi.revandkar@ltimindtree.com

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