TRF Limited announced that its Board of Directors meeting held on May 15, 2024, approved the Mr. Avneesh Gupta (DIN: 07581149) has resigned as the Non-Executive, Non-Independent Director of the Company and consequently has ceased to be the Chairperson of the Board. The resignation is effective from the close of business hours of May 15, 2024. The Board has taken note of the resignation and placed on record its sincere appreciation for the leadership, guidance and contribution made by Mr. Gupta during his tenure as Member and Chairperson of the Board.

The resignation is effective from the close of business hours of May 15, 2024. The Board has taken note of the resignation and placed on record its sincere appreciation for the leadership, guidance and contribution made by Mr. Gupta during his tenure as Member and Chairperson of the Board. Based on the recommendation of the Nomination and Remuneration Committee, the Board has unanimously approved the appointment of Ms. Samita Shah as an Additional Director (Non-Executive, Non-Independent) of the Company with effect from May 16, 2024 to hold office of Director up to the date of the ensuing Annual General Meeting (`AGM') of the Company.

Based on the recommendation of the Nomination and Remuneration Committee, the Board has unanimously approved the appointment of Mr. Akshay Khullar as an Additional Director (Non-Executive, Non -Independent) of the Company with effect from May 16, 2024 to hold office of Director up to the date of ensuing AGM of the Company. to the date of ensuing AGM of the Company. The Board elected Ms. Samita Shah, Non-Executive, Non-Independent Director as the Chairperson of the Board, effective May 16, 2024 in place of Mr. Avneesh Gupta.

Ms. Samita Shah is Vice President ­ Corporate Finance, Treasury & Risk Management of Tata Steel Limited. She currently looks after the financing requirements of Tata Steel Group and manages the relationship with financial stakeholders including banks, rating agencies and investors. She is also the Chief Risk Officer for Tata Steel and has spearheaded the implementation of an enterprise-wise risk management process across the Tata Steel Group.

She serves on the Boards of several subsidiaries of Tata Steel Limited, including Tata BlueScope Steel Private Limited, Tata Steel Minerals Canada Limited, T S Global Procurement Company Pte Limited, Abja Investment Co. Pte Limited and Tata Steel Foundation. Ms. Shah joined Tata Steel in 2012 after 20 years of experience in investment banking.

She is BA (Economics), Mumbai University and MBA from Indian Institute of Ahmedabad. Mr. Akshay Khullar is Vice President­ Engineering & Projects of Tata Steel Limited. He has joined Tata Steel in 1992 as Graduate Trainee (Senior Officer) and started his career in Steel Making and Casting in Tata Steel, Jamshedpur.

He was then promoted and transferred as Head Casting and later Head Operations in Steel Making at LD#1 (Long Products Steel Melt Shop). He was appointed as Chief Thin Slab Caster Rolling in the LD#3 in 2010 and was then appointed as Chief LD#2 and Slab Caster in 2014, which was the conventional slab casting shop than at Tata Steel Limited. In 2020, he was elevated to Chief of Manufacturing Long Products where he took care of all Jamshedpur Long Product Mills and LP Steel Making and upstream.

Mr. Khullar is an Engineer (B. Tech) in Metallurgy from IT, Banaras Hindu University.