Orient Beverages Ltd. has informed the stock exchanges about the reappointment of key directors at its Board Meeting held on March 28, 2025. The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, approved the reappointment and remuneration for three prominent directors of the company.

Reappointment of Directors:

1. Sri Narendra Kumar Poddar (DIN-00304291) – Reappointed as Chairman of the company.

2. Sri Akshat Poddar (DIN-03187840) – Reappointed as Managing Director.

3. Sri Ballabha Das Mundhra (DIN-01162223) – Reappointed as Executive Director.

These reappointments come as the terms of appointment for the aforementioned directors are set to expire on March 31, 2025. The new terms of appointment will be for a period of five consecutive years, starting from April 1, 2025, and continuing until March 31, 2030.

Shareholders' Approval Required:

The new terms of appointment and the payment of remuneration to the directors are subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the company.

Details of the Board Meeting:

The Board Meeting commenced at 12:00 PM and concluded at 3:00 PM on March 28, 2025. The decision to reappoint the directors and approve their remuneration was made in the meeting based on the recommendations from the Nomination and Remuneration Committee.

Compliance and Transparency:

This announcement is made in compliance with the Listing Obligations and Disclosure Requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been submitted to BSE Limited (Security Code: 507690) and The Calcutta Stock Exchange Limited (Security Code: 025050).

Conclusion:

The reappointment of directors for a five-year term, subject to shareholder approval, marks an important decision for Orient Beverages Ltd. as it continues to strengthen its leadership. The company's board is committed to ensuring the effective governance and growth of the company under the leadership of these seasoned professionals.

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