🏢 GROVY INDIA ANNOUNCES MANAGEMENT RESTRUCTURING 🔄

• 👔 Prakash Chand Jalan appointed as Chairman & Managing Director for a 5-year term, subject to shareholder approval • 🔄 Nishit Jalan steps down as Whole-Time Director & CEO and takes charge as Chief Financial Officer (CFO) • 📋 Ankur Jalan ceases as CFO and is appointed Non-Executive Director, subject to shareholder approval • 🏗️ Management reshuffle aimed at strengthening leadership structure and governance framework • 👨‍👩‍👦 Key leadership positions continue to remain within the promoter family, ensuring business continuity 🟡 Impact: Neutral (Leadership restructuring with no change in business operations; focus remains on strengthening management and corporate governance)

Grovy India Limited

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