Rain Industries Limited at its Board meeting held on February 27, 2019, approved that the Mr. Jagan Mohan Reddy Nellore, Managing Director is also the Chief Executive Officer of Rain Carbon Inc., a wholly owned Subsidiary. Considering that the Carbon business is requiring more attention due to the current global uncertain environment, Mr. Jagan Mohan Reddy Nellore has submitted his resignation from the position of Managing Director but will continue to be the Director & Vice Chairman of the company with effect from March 31, 2019. Appointment of Mr. N. Radhakrishna Reddy as Managing Director of the company for a period of 3 years i.e., from March 31, 2019 to March 30, 2022.

Appointment of Mr. H. L. Zutshi, Independent Director as Chairman of the company with effect from March 31, 2019. Appointment of Mr. Brian Jude McNamara as an Additional Director (Independent Director) for a period of 3 years i.e., from February 28, 2019 to February 27, 2022.