GMM Pfaudler Limited informed that upon completion of his tenure as an Independent Director, Dr. S. Sivaram has retired as the Chairman and Independent Director of the Company with effect from conclusion of
the 59th Annual General Meeting held on September 19, 2022. The Company places on record its appreciation for the immense contribution by Dr. Sivaram to the growth and success of the Company. Consequent to the retirement of Dr. Sivaram, Mr. Prakash Apte, Independent Director has succeeded as the Chairman of the Company with effect from September 20, 2022.