The Board of Directors of Tata Sponge Iron Limited based on the recommendation(s) of the Nomination and Remuneration Committee, at their meeting held on January 12, 2019, unanimously approved the appointment of Mr. T V Narendran as an Additional (Non-Executive) Director with effect from January 12, 2019. The Board also appointed Mr. T. V. Narendran as Chairman of the Company with effect from January 12, 2019; appointment of Mr. Koushik Chatterjee as an Additional (Non-Executive) Director of the Company with effect from January 12, 2019; appointment of Dr. Sougata Ray as an Additional (Independent) Director of the Company with effect from January 12, 2019; appointment of Mr. Bimlendra Jha as an Additional (Non-Executive) Director of the Company with effect from January 12, 2019. Pursuant to Circular No. LIST/COMP/14/018-19, dated June 20, 2018, the Company hereby confirms that Mr. T. V. Narendran, Mr. Koushik Chatterjee, Dr. Sougata Ray and Mr. Bimlendra Jha are not debarred from holding the office of directors pursuant to any SEBI order or any other regulatory authority. Mr. A.M. Misra stepped down as Chairman and Director of the Company with effect from January 12, 2019, owing to his other engagements and Mr. R. Ranganath stepped down as Director of the Company with effect from January 12, 2019, owing to his other engagements. Currently, Mr. T V Narendran is CEO & MD of Tata Steel Ltd. Currently, Mr. Koushik Chatterjee is Executive Director and Chief Financial Officer of Tata Steel Ltd. He is having more than 23 years of experience in metal and mining industry. Dr. Sougata Ray is a mechanical engineer from IIST, Shibpur and a Fellow Phd Management from IIM Ahmedabad. Currently, he is the professor Strategic Management at IIM Calcutta. Mr. Bimlendra Jha is a B.Tech (Ceramics) from Institute of Technology, Banaras Hindu University and a PGDBM ­ Finance from XLRI, Jamshedpur. Currently, he is the Vice President, Tata Steel Ltd.