Mafatlal Industries Ltd. informed that the board of directors of the company at its meeting held on May 28, 2013, have appointed Vishad P. Mafatlal as the Executive Vice Chairman and Rajiv Dayal as the Managing Director and Chief Executive Officer, both for a period of 5 years with effect from May 28, 2013. The appointments are subject to the approval of the members of the company at the ensuing annual general meeting. Further the company has informed that, Shri.

Hrishikesh A. Mafatlal has relinquished the position of managing director of the company and would continue as the non-executive chairman of the company.