Tirupati Tyres Limited at the meeting of the Board of Directors held on 15 August 2022 considered and approved to change in Designation of Mrs. Nikita Parekh from the post of Managing Director of the Company w.e.f 15 August, 2022, Non-Executive of the Company w.e.f 15 August, 2022 and also as the Chairperson of the Company. The company also approved the appointment of Mr. Saugat Mahapatra (DIN: 09331789), as the Managing Director of the Company w.e.f 15 August, 2022. Mrs. Nikita Parekh has expressed her intention to resign as a Managing Director of the Company w.e.f. 15% August 2022 due to her preoccupancy and as mentioned in her letter dated 14 August, 2022.

However, Mrs. Nikita will Continue to be a part of the Board as Non- Executive Director and Chairperson of the Company. Mr. Saugat Mahapatra has been appointed to fill the vacated post of Managing Director of the Company caused due to resignation of Mrs. Nikita. The Board has appointed Mr. Saugat Mahapatra as Additional Director and Managing Director of the company to hold the office for a term of 05 (five) years, Subject to approval of members' of the Company in upcoming Annual General Meeting.

Mr. Saugat Mahapatra, appointed as the Managing Director of the company is having vast experience in the field of business activities in which the Company operates.