J. B. Chemicals & Pharmaceuticals Limited informed that the shareholders of the Company have approved vide Postal Ballot the appointment of Mr. Arun Duggal as a Non-Executive Independent Director of the Company, for a term of five (5) consecutive years. Date of appointment is July 5, 2024. Mr. Arun Duggal is a Mechanical Engineer from the prestigious Indian Institute of Technology, Delhi (recipient of Distinguished Alumni Service Award).

Mr. Duggal holds an MBA from the Indian Institute of Management, Ahmedabad (recipient of Distinguished Alumni Award). Mr. Duggal had a 26 years' career with Bank of America, mostly in New York, San Francisco, Hong Kong and Japan. His last assignment was as Chief Executive of Bank of America in India.

He is an experienced international Banker and has advised companies and financial institutions on Financial Strategy, M & A and Capital Raising. Mr. Duggal is the Founder of `Arun Duggal Centre of Excellence for Research in Climate Change and Air Pollution at Indian Institute of Technology, Delhi, India. He is also the Co-Founder of Yardi School of Artificial Intelligence (ScAI) at IIT Delhi.

Mr. Duggal is Founder of Centre of ESG Research Centre (CESGR) at IIM, Ahmedabad. Mr. Duggal was also the Co-Chairman of Indian Institute of Technology Endowment Fund. IITD Endowment Fund is India's first alumni endowment fund by an educational institute.

Mr. Duggal is a Trustee of Chennai Mathematical Institute (CMI). CMI is a Centre of Excellence for Teaching and Research in Mathematical sciences. He is the Founder of Women on Corporate Boards program in India.

Women from this program are serving on over 250 corporate Board positions. Mr. Arun Duggal is Non-Executive Chairman of ICRA (A Subsidiary of Moody's USA). He is on the Board of Directors of ITC Limited (Chair - Audit Committee), Lead - Independent Director of Dr. Lal PathLabs Ltd. (Chair - Nomination & Remuneration Committee) and ASK Automotive Limited (Chair - Audit Committee).

Mr. Duggal has also been Chairman and on the Board of other companies in India, Korea, Australia, Taiwan, Singapore, London and South Africa.