Based on the recommendation of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors of Sula Vineyards Limited, has considered and approved the appointment of Mr. Abhishek Kapoor as Key Managerial Personnel of the Company, effective from August 28, 2023. Abhishek Kapoor is a seasoned finance leader with more than two decades of experience building and leading teams. He has rich experience working in FMCG, Media, and Auto space and has demonstrated his capabilities in diverse areas, including Profit and Loss (P&L), Mergers and Acquisitions (M&A), Financial Planning, Business and Financial Performance Monitoring, Financial Accounting, Controlling, Costing & Budgeting, Funds Management, Taxation, and Liasoning with Government Authorities and Banks etc. Abhishek's journey has taken him through esteemed organizations, including Godrej Consumer Products, Pepsi Co., JK Tyres, and HT Media, in multiple geographies. Abhishek joins from Wagh Bakri Tea Group (Gujarat Tea Processors and Packers Limited), where he holds the esteemed position of Chief Financial Officer (CFO). Under his strategic financial guidance, the company has achieved notable milestones and solidified its position in the market. The company also approved the appointment of Mr. Karan Vasani as Chief Operating Officer & Key Managerial Personnel, effective from October 01, 2023. Karan Vasani is the Chief Winemaker with more than a decade of expertise in winemaking and leading teams at Sula. He holds a bachelor's degree in commerce from University of Mumbai and a graduate diploma in viticulture and oenology from Lincoln University, New Zealand. Karan was honoured with the prestigious WSET Level 2 Intermediate Certificate and Level 3 Advance Certificate in Wines and
Spirits by the Wines and Spirit Education Trust Limited. Karan's illustrious career includes valuable financial and operational experience gained from working with esteemed organizations such as CRISIL Limited and Cuvaison Estate Wines. Karan plays a pivotal role at Sula where he oversees key operations including winemaking, winery operations and viticulture. Under Karan's leadership, Sula has made striking progress in manufacturing operations and winemaking quality. His passion and expertise have contributed significantly to the success and growth of the company in the wine industry.