Brigade Enterprises Limited approved resignation of Mr. M.R. Jaishankar from the position of Managing Director of the Company, effective the closing business hours of 11th October, 2022. The company also approved the appointment and re-designation of Ms. Pavitra Shankar (DIN: 08133119) who is presently an Executive Director as Managing Director of the Company for a period of five years with effect from 12th October, 2022 to 11th October, 2027. This is based on the recommendation of the Nomination & Remuneration Committee and is subject to Shareholders approval.

She shall be a Key Managerial Personnel in accordance with the provisions of the Section 203 of the Companies Act, 2013. Mr. M. R. Jaishankar shall continue his role as Whole-time Director and Executive Chairman for his current term, which is upto 31st March, 2027, to mentor the next generation leaders in their new roles.