TITAGARH RAIL SYSTEMS LIMITED — Board/Management Information 2021

Jan 1, 2021

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1[st] January, 2021

National Stock Exchange of India Limited Exchange Plaza Bandra-Kurla Complex Bandra (E), Mumbai-400051 Scrip Code: TWL(EQ)

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001 Scrip Code: 532966

Madam/Sir,

Sub: Outcome/Intimation pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

Pursuant to the captioned Regulation, we write to inform you the following:

1. Shri Sushil Kumar Roongta (DIN: 00309302) has been appointed as Additional Director (Category: Independent) of the Company w.e.f. 1[st] January, 2021. Pursuant to the recommendation by the Nomination and Remuneration Committee, he has been appointed by the Board and will hold office of Independent Director for a term of 5 (Five) years, subject to approval of shareholders at their next general meeting.

Further, he has no pecuniary relationship or transaction with the Company, its subsidiary or associate company or their promoters or directors directly or indirectly as also confirmed by him through a declaration of independence submitted by him, and meets the criteria of independence as provided in sub-section 6 of Section 149 of the Companies Act, 2013. He is not related to any Director or KMP of the Company. His name does not appear in the list of SEBI debarred entities available on the website of the Stock Exchange.

Shri Sushil Kumar Roongta holds a Bachelor’s degree in Engineering from Birla Institute of Technology & Science (BITS), Pilani and a Post Graduate Diploma in Business Management - International Trade, from the Indian Institute of Foreign Trade (IIFT), New Delhi. He was the Executive Chairman of Steel Authority of India (SAIL) during 2006-2010. We hereby enclose a brief profile of Shri Sushil Kumar Roongta for your reference.

1. Shri Prithish Chowdhary (DIN: 08509158) has been appointed as an Additional Director (Category: NonExecutive) of the Company w.e.f. 1[st] January, 2021. Pursuant to the recommendation by the Nomination and Remuneration Committee, he has been appointed by the Board and will hold office as an Additional Director up to the date of the next Annual General Meeting of the Company.

Except Shri J.P. Chowdhary, Shri Umesh Chowdhary and Smt. Rashmi Chowdhary being relatives of Shri Prithish Chowdhary, none of the Directors/KMPs of the Company is related with him. Shri Prithish Chowdhary, aged 19 years, is a qualified International Baccalaureate from Le Rosey Institut, Geneva. His name does not appear in the list of SEBI debarred entities available on the website of the Stock Exchange.

1. Mr. Luigi Corradi has resigned from his position of Managing Director & CEO of Titagarh Firema SpA, Italy (TFA), a wholly owned subsidiary of the Company, w.e.f. 29[th] December, 2020, due to his personal reasons and in his place, Mr. Enrico Grigliatti has been appointed as Managing Director & CEO of TFA. Further, Mr. Fabrizio Zamagni has been appointed as General Manager of TFA.

Please take the above on record.

Thanking you, Yours faithfully, For TITAGARH WAGONS LIMITED

Dinesh Arya Company Secretary

Encl.: As above

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