Voltas Ltd. — Board/Management Information 2024

Aug 14, 2024

14[th] August, 2024

BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500575 NSE Symbol: VOLTAS

Dear Sir,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)

---

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that at the Board Meeting of the Company held today, the Directors have, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Pheroz Naswanjee Pudumjee (DIN: 00019602) and Mr. Aditya Sehgal (DIN: 09693332) as Additional Directors and Non-Executive Independent Directors of the Company for a term of 3 years each, with effect from 30[th] August, 2024.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No.SEBI/HO/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023 are provided in the enclosed Annexure.

The Board Meeting commenced at 10.30 a.m. and concluded at 1.40 p.m.

We request you to kindly take the above on record.

Thanking you,

Yours faithfully, VOLTAS LIMITED

VARUN Digitally signed by VARUN PRAKASH PRAKASH MALHOTRA Date: 2024.08.14 MALHOTRA 13:48:45 +05'30'

V. P. Malhotra

Head – Taxation,

Legal & Company Secretary Encl.

ANNEXURE

Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023.

1. Mr. Pheroz Naswanjee Pudumjee (DIN: 00019602)

Sr. No.	Particulars	Details
1.	Reason for change viz. Appointment, re-appointment, resignation, removal, death or otherwise.	The Board of Directors have based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Pheroz Naswanjee Pudumjee (DIN: 00019602) as an Additional Director and Non- Executive Independent Director of the Company for a term of three years with effect from 30thAugust, 2024, subject to approval of the shareholders by Postal Ballot.
2.	Date of appointment/ re-appointment/cessation (as applicable) and term of appointment / re-appointment.	As an Additional Director and as a Non-Executive Independent Director for a term of three years with effect from 30thAugust, 2024.
3.	Brief profile (in case of appointment)	Mr. Pheroz Naswanjee Pudumjee is a Non-Executive Director of Thermax Limited since 15thJanuary, 2001. He managed Thermax’s overseas venture in UK and facilitates its international activities, including the incubation and development of new business and relevant organizational changes. Mr. Pudumjee was the Chairman of the Confederation of Indian Industries (CII), Pune. He was also a member of CII’s national committee on Export and a member of the Maratha Chamber of Commerce’s international panel. He has a Masters in Business Administration and a Diploma in Automobile Technology from Stanford University.
4.	Disclosure of relationships between Directors (in case of appointment of a Director)	Mr. Pheroz Naswanjee Pudumjee is not related to any of the Directors of the Company.
5.	Information as required pursuant to BSE Circular No.LIST/COMP/14/2018- 19 and NSE Circular No. NSE/CML/2018/24 dated 20thJune, 2018.	Mr. Pheroz Naswanjee Pudumjee is not debarred from holding the office of the Director by virtue of any SEBI Order or any other such authority.

2. Mr. Aditya Sehgal (DIN: 09693332)

Sr. No.	Particulars	Details
1.	Reason for change viz. Appointment, re-appointment, resignation, removal, death or otherwise.	The Board of Directors have based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Aditya Sehgal (DIN: 09693332) as an Additional Director and Non-Executive Independent Director of the Company for a term of three years with effect from 30thAugust, 2024, subject to approval of the shareholders by Postal Ballot.
2.	Date of appointment/ re-appointment/cessation (as applicable) and term of appointment / re-appointment.	As an Additional Director and as a Non-Executive Independent Director for a term of three years with effect from 30thAugust, 2024.
3.	Brief profile (in case of appointment)	Mr. Aditya Sehgal is an experienced business leader creating a new entrepreneurial venture Asgard.world. He is a Non- Executive Director on the Board of JPMorgan China Growth & Income - an FTSE-listed Investment trust and also serves on the Board of Ozone Coffee Roasters International and Justmyroots.com. Mr. Aditya Sehgal is an Independent Director of Godrej Consumer Products Limited. He is an active angel investor and mentors several start-ups and executives. Mr. Aditya retired in 2021 as Global President after a 27 year career with Reckitt – an FTSE 20 company which is a global leader in Health, Hygiene and Nutrition. Before being appointed as President of Reckitt, he served as the Global Chief Operating Officer of Reckitt. He has led the Reckitt businesses in many countries, including India, the USA, the UK, Europe, Africa, Latin America, Australia and others. He has a Bachelor’s Degree in Mechanical Engineering and Post Graduate Diploma in Management, Marketing from IIM, Kolkata.
4.	Disclosure of relationships between Directors (in case of appointment of a Director)	Mr. Aditya Sehgal is not related to any of the Directors of the Company.
5.	Information as required pursuant to BSE Circular No.LIST/COMP/14/2018- 19 and NSE Circular No. NSE/CML/2018/24 dated 20thJune, 2018.	Mr. Aditya Sehgal is not debarred from holding the office of the Director by virtue of any SEBI Order or any other such authority.