Vesuvius India informs about change in directorate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI LODR), Vesuvius India has informed that the Board of Directors of the Company at its meeting held today, i.e., June 20, 2024, has accepted / approved: Resignation of Mr. Nitin Jain (DIN 07934566) as the Managing Director - Nitin Jain has expressed his willingness to step down from the position of Managing Director effective from close of business on June 30, 2024, and has accordingly submitted his resignation as the Managing Director. He will take up a global role with the Vesuvius Group, based in the United Kingdom, and will remain as a Non-Executive Non-Independent Director of the Company effective from July 1, 2024, liable to retire by rotation, following the appointment of Mohinder Rajput as the Managing Director. The Board has accepted the resignation of Nitin Jain as the Managing Director of the Company; Appointment of Mohinder Rajput (DIN 10608199) as the Managing Director - Subject to the approval of the Shareholders of the Company and on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has appointed Mohinder Rajput as the Managing Director of the Company with effect from July 1, 2024, pursuant to the provisions of the Companies Act 2013 and the SEBI LODR, for a period of five years. The information in regard to the abovementioned appointment of Mohinder Rajput in terms of Regulation 30 of the SEBI LODR read with SEBI Master Circular dated July 11, 2023 is enclosed herewith as Annexure 1. Further, in compliance with the BSE Circular No. LIST/COMP /14/2018-19 and NSE Circular No. NSE/CML/2018/24, both dated June 20, 2018, this is to confirm that Mohinder Rajput is not debarred from holding the office of director/managing director by virtue of any SEBI order or of any other such authority; Approved Postal Ballot Notice to seek approval of the Shareholders of the Company, by means of Ordinary Resolutions, for appointment of Mohinder Rajput (DIN 10608199) as the Managing Director of the Company for a term of five years effective from July 1, 2024, liable to retire by rotation. The Postal Ballot Notice shall be sent to the shareholders in due course and the same shall be filed with the exchanges. A Press Release regarding the change in Managing Director is attached as Annexure 2. A copy of the letter received from Nitin Jain resigning from the position of the Managing Director of the Company is attached as Annexure 3. Further, it may be noted that the said Board meeting commenced at 10:40 AM (India Time) and concluded at 10:55 AM (India Time).

The above information is a part of company’s filings submitted to BSE.