HIL Limited informed that the Board of Directors of the Company at its meeting held on January 19, 2023 has unanimously approved the resignation of Mr. Dhirup Roy Choudhary Managing Director of the Company. His last working day shall be January 31, 2023. Approved the appointment of Mr. Akshat Seth as the MD of the Company effective February 01, 2023.

Approved the resignation of Mr. Mahesh Thakar Company Secretary of the Company. His last working day shall be January 27, 2023. Akshat joins HIL from CK Birla Healthcare where he was a member of the founding team and served as CEO.

Akshat will develop and implement a strategy focusing on strengthening the product portfolio and expanding revenue base and profitability for HIL. He will further enhance the business's brand presence and intensify the digital agenda. Akshat, who last served as the CEO of CK Birla Healthcare, holds a Bachelors and Masters degree in Chemical Engineering from IIT Delhi, and he has an MBA from IIM Calcutta.

He joined the CK Birla Group in 2014 to lead the Office of Growth & Strategy, driving Strategy, M&A and New Business Development across all group companies. Since 2016, Akshat has led CK Birla Healthcare: scripting the Group's successful foray in healthcare delivery: The CK Birla Hospital, Birla Fertility & IVF and the group's Digital Health Venture. Prior to joining the group, Akshat was a management consultant with A.T. Kearney focused on clients in the Oil & Gas, Energy and Process industries across India, the Middle east and Europe.