Mafatlal Industries Limited announced that Mr. Aniruddha Deshmukh, Managing Director & CEO of the Company has tendered his resignation from the services of the Company and as a Director of the Company due to his personal reasons and requested to relieve him from his duties with effect from close of business hours on March 31, 2019. The Board of Directors at their Meeting held on December 17, 2018 has accepted the resignation of Mr. Deshmukh and accordingly he shall be relieved with effect from close of business hours on March 31, 2019. He shall continue to serve the Company with full responsibilities in the interim for the smooth transition.

The Board has, as recommended by the Nomination & Remuneration Committee, appointed Shri. Priyavrata H Mafatlal as Chief Executive Officer and Executive Director of the company with effect from 1 April, 2019 while Shri. H A Mafatlal, Chairman of the Company will continue to guide the senior management and the CEO of the Company.