Goodricke Group Limited has announced the appointment of Mr. Shaibal Dutt as the Managing Director & CEO of the company, effective September 6, 2025. This appointment follows the completion of the tenure of Mr. Arun Narain Singh, the existing Executive Vice Chairman and Managing Director cum CEO. The decision was made based on the recommendation of the Nomination and Remuneration Committee and was approved by the Board of Directors in their meeting held on April 30, 2025.

The appointment of Mr. Dutt is subject to the approval of shareholders at the upcoming 49th Annual General Meeting (AGM), which will be convened before the effective date of his appointment.

Details of the Appointment:

• Reason for Change:
  Mr. Shaibal Dutt will be appointed as the Managing Director cum CEO upon the completion of the tenure of Mr. Arun Narain Singh, the current Executive Vice Chairman and Managing Director cum CEO.

• Effective Date and Term:
  The appointment will be effective from September 6, 2025, for a term of three consecutive years, subject to approval by the shareholders at the 49th AGM.

• Brief Profile of Mr. Shaibal Dutt:
  Mr. Dutt has been associated with Goodricke Group since 1994 and has held various roles within both the Bulk Tea and Branded Tea divisions. He currently oversees operations in the Bulk Tea division in his capacity as Visiting Agent. With over three decades of experience, Mr. Dutt brings a wealth of industry knowledge and leadership. He holds a Bachelor's degree in Political Science from Hindu College, University of Delhi, and has significantly contributed to the strategic formulation and operational decision-making within the company. His leadership and forward-looking vision are expected to play a pivotal role in driving the company’s sustained growth.

• Relationship with Other Directors:
  Mr. Shaibal Dutt is not related to any director, Key Managerial Personnel, or promoter of the company.

• SEBI Compliance:
  As per the disclosure requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Dutt is not debarred from holding the office of Managing Director or CEO by any SEBI order or any other regulatory authority.

Conclusion:

The appointment of Mr. Shaibal Dutt marks an important step in the leadership transition at Goodricke Group Limited. His extensive industry experience and long-standing association with the company make him well-positioned to lead the company into its next phase of growth. The decision is subject to shareholder approval at the 49th AGM, and the company will provide further updates in due course.

Goodricke Group Limited continues to strengthen its leadership team to ensure the continued success and growth of the company in the competitive tea industry.

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