The board of directors of Welspun India Limited at its meeting held on November 8, 2022, appointed Mr. Altaf Jiwani, Chief Operating Officer of the Company, having director identification number 05166241, as a wholetime director (a Key Management Personnel) with effect from April 1, 2023. Reason for appointment: The Company has grown into a larger corporation with multiple new businesses getting added to its fold. The size and scale of the business in its current structure and going forward with further scaling up, leadership team needs to be strengthened for structure to deliver effectiveness.

Leadership team's ability to devote mindshare towards each function's effectiveness becomes critically important. Creating an organisation with good governance structure, right focus of leadership, managing a better span of control etc is essential at this stage. Mr. Altaf Jiwani has been with the Company for over 8 years.

Earlier he has served as Chief Financial Officer of the Company and subsequently as the Head of Executive Office of the Company. In the new role, Mr. Altaf Jiwani, as a wholetime director (a Key Management Personnel), will be responsible for functions of manufacturing, Central Production Planning and Control, Operations Strategy & Supply Chain Management, Commercial, Business Excellence, Management Assurance, Shared Services Center. Term of appointment: Appointed for a period upto 5 years liable to retire by rotation.

Brief profile: Mr. Altaf Jiwani, aged 55 years, is a B.E. (Production) from V.J.T.I, Mumbai, and M.M.S. (Finance) from Welingkar Institute of Management, Mumbai. He has over 30 years of experience in corporate finance in the electrical, textile and automobile industries and expertise in foreign exchange risk management and trade finance. Mr. Jiwani has earlier served as CFO of Welspun India Limited and head of Executive office.