Sayaji Industries Limited announced that the Board of Directors of the Company has at its meeting held June 8, 2023, has considered and approved the following: Change in designation of Mr. Varun Priyam Mehta (DIN- 00900734) from Executive Director to `Executive Director and Joint Chief Executive Officer' with effect from 08th June, 2023 without any other variation (except designation) in the terms and conditions as approved by the shareholders of the company at their annual general meeting held on 8th August, 2022 and as may be approved by the shareholders by way of postal ballot being conducted by the company vide postal ballot notice dated 24 May, 2023 the results of which would be announced on 26th June, 2023. Change in designation of Mr. Vishal Priyam Mehta (DIN- 02690946) from Executive Director to `Executive Director and Joint Chief Executive Officer' with effect from 08th June, 2023 without any other variation (except designation) in the terms and conditions as approved by the shareholders of the company at their annual general meeting held on 17th September, 2021 and as may be approved by the shareholders by way of postal ballot being conducted by the company vide postal ballot notice dated 24 May, 2023 the results of which would be announced on 26th June, 2023. Mr. Varun Priyam Mehta holds bachelor's degree in science (business administration) from Fordham University, USA.

He has been associated with the since 2006 and has more than 16 years of experience in corn wet milling industry. He has been actively involved in the day-to- day management of the company since his appointment the executive director of the company and looks after allimportant functions of the company like H.R., finance and plant operations. He has been instrumental in his efforts for debottlenecking, automation and modernization of the manufacturing processes of the company.

Mr. Vishal P. Mehta holds Bachelor's degree in science (business administration) from Babson University, USA with honours in economics. He has been associated with the company since 2010 and has more than 13 years of experience in corn wet milling industry. He has been actively involved in the day-to- day management of the company since his appointment as the executive director of the company and looks after all important functions of the company like production, purchase, plant operations and new spray drying unit of the company.

He has been instrumental in his effort for debottlenecking and automation of manufacturing processes.