Change in Directorate

• Security Code: 506076
• Company: GRINDWELL

Board Composition: Based on the recommendation of the Nomination and Remuneration Committee, the Board at its meeting held today has appointed Krishna Kumar Prasad (Director Identification No. 00130438) as an Alternate Director to Ms. Marie-Armelle Chupin (Director Identification No. 00066499), Non-Executive Director. Being in employment with the Company and for the purpose of the compliance with the Companies Act, 2013 and Rules framed thereunder, appointment and terms of remuneration of Mr. Krishna Kumar Prasad as Wholetime Director designated as Executive Director of the Company for a period of five (5) years with effect from 23rd May 2017, upon his appointment as an Alternate Director to Ms. Marie-Armelle Chupin, Non-Executive Director, subject to the approval of the Members at the ensuing AGM of the Company. Mr. Krishna Kumar Prasad shall not hold office for a period longer than that permissible to Ms. Marie-Armelle Chupin. A brief profile of Mr. Krishna Kumar Prasad is given below: Mr. Krishna Kumar Prasad graduated from the College of Engineering, Trivandrum in 1984 with a B.Tech in Mechanical Engineering. On completion of his engineering, Mr. Krishna Kumar Prasad joined The Fertilizer and Chemicals Travancore Ltd, Kochi as Mechanical Engineer. Later he completed his Post Graduate Diploma from the Indian Institute of Management Bengaluru in 1990. On completion, Mr. Krishna Kumar Prasad joined Grindwell Norton Ltd. He served the Company in various positions and currently holding the position of Vice -President Ceramics & Plastics and Corporate Services. Mr. Krishna Kumar Prasad does not have any relationship with any Director and Key Managerial Personnel of the Company in terms of the Act.