Nature of change: Appointment of Mr. Nitin Budhavalekar as Vice President - Sales Fragrance of the Company
Name and DIN: Mr. Nitin Budhavalekar (DIN not provided in the disclosure)
Effective date: 1st August, 2026
Tenure: Term of appointment is not applicable as he is in full-time employment with the Company
Brief profile: Nitin Budhavalekar has 16+ years of experience in the fragrance and aroma chemicals industry, driving strategic sales, marketing, business development, techno-commercial excellence across Fine Fragrances, Personal Care, Air Care, Agarbatti and Industrial Fragrances
Relationship with other directors: Not Applicable (as per disclosure)
Previous KMP: The disclosure does not mention who held the position earlier or the nature of their exit
Governance implications: The appointment was made upon recommendation of the Nomination and Remuneration Committee and approved by the Board of Directors
