Board of Directors of Ponni Sugars (Erode) Limited at their meeting held on March 15, 2024 have transacted, among other business, the following: The Board of Directors have noted the cessation of directorship of Mr. V Sridar (DIN:02241339), Mr. K Bharathan (DIN:00210433) and Dr. Nanditha Krishna (DIN:00906944) as Independent Directors of the company from close of 31st March 2024 upon completion of their two terms of five consecutive years each. Mr. Bimal K Poddar (DIN:00031146), non-executive & non-independent director, who is due for retirement at the upcoming Annual General Meeting of the company by rotation has offered his resignation effective 31 March 2024. The He ceases his directorship effective from close of 31st March 2024.

The Board of Directors have noted the appointment of Dr. Lakshmi Nadkarni (DIN:07076164) and Mr. Chellamani Naresh (DIN:10474276) as independent directors of the company for the fixed tenure from March 15, 2024 to March 14, 2029 by special resolution passed through postal ballot by the shareholders on March 12, 2024. Postal Ballot results were filed with stock exchanges on March 13, 2024. Dr. Lakshmi Nadkarni's date of Birth /Age is February 20, 1960 (63).

Qualifications are MA., MSW., PhD in Industrial Sociology. Dr. Lakshmi Nadkarni (DIN:07076164) has done Master's in Sociology and Social Welfare and Doctorate in Industrial Sociology from Pune University. She has over 3 decades of experience and expertise in functional areas viz.

HR strategy, Governance and CSR. She has held Executive Director positions at Pfizer India Ltd. and BASF India during her tenure in these organisations. She has made valuable contribution to the organizations that she served and to the Human Resources domain as part of the Industry Forum. She led significant change management initiatives and delivery of strategic HR solutions in the organizations that she worked with.

Besides being appointed on the Board of NELCO, a Tata enterprise as an Independent Director, she is a Life Coach and Advisor for the CEO and CXOs at Tikitar Group since 2020, in addition to being an Advisor to Tagros Chemicals. Her most recent engagement is with Arofine Polymers as a Business Coach. She continues to contribute to the academic world and is associated with TISS (Tata Institute of Social Sciences), IGTC (Indo German Training Centre), and Somaiya Management Studies among several others.