Makers Laboratories Limited Mrs. Purnima Jain, Wholetime Director & CEO of the Company, whose present term of appointment as the Wholetime Director is coming to an end at the close of business hours of the Company on 29th October, 2017, has informed the Company of her inability to continue as the Wholetime Director /CEO of the Company. She has also informed the Board about her intention to resign as the Director of the Company with effect from the said date. Accordingly, the Board at its meeting held on October 27, 2017 has agreed to relieve her as the Wholetime Director /CEO of the Company as at the close of business hours of the Company on 29th October, 2017.

The Board has also accepted her resignation as the Director of the Company with effect from 30th October, 2017. As recommended by the nomination & remuneration committee, the Board has appointed Mr. Saahil Parikh, Wholetime Director as the new Chief Executive Officer (CEO) of the Company with effect from October 30, 2017. The Board has also appointed him as a member of the Stakeholders Relationship Committee of the Board.

He has about 21 years of experience in Pharma Production, Quality Control, Projects and General Management. He is the Wholetime Director of the company since 11th August, 2011. As recommended by the nomination & remuneration committee, the Board has appointed Mr. Sandeep Kadam, Manager - Accounts as the new Chief Financial Officer (CFO) of the Company with effect from 30th October, 2017 in place of Mr. Saahil Parikh, Wholetime Director who is now appointed as the CEO of the Company.

Mr. Sandeep Kadam aged 50 years has done his Commerce graduation from Mumbai University. He has about 28 years of experience in the field of Accounts, Audit and Finance. He is in the employment of the Company since 26th December, 1996.