ACC Limited inform the changes in the board of directors of the company as under: Resignation of Non-Executive Non-Independent Directors: Mr. Martin Kriegner has tendered his resignation from the Board of the Company with effect from September 16, 2022 pursuant to transfer of ownership of Holderind Investments Ltd. (Promoter Company) to Endeavour Trade and Investment Ltd., Adani Group, pursuant to the share purchase agreement dated May 15, 2022, and the consequent cessation of Holcim Ltd.'s control over the Company. Mr. Jan Jenisch has tendered his resignation from the Board of the Company with effect from September 16, 2022 pursuant to transfer of ownership of Holderind Investments Ltd. (Promoter Company) to Endeavour Trade and Investment Ltd., Adani Group, pursuant to the share purchase agreement dated May 15, 2022, and the consequent cessation of Holcim Ltd.'s control over the Company. Mr. Neeraj Akhoury has tendered his resignation as Non-Executive Non-Independent Director of the Company with effect from September 16, 2022 following his resignation as managing director and CEO of Ambuja Cements Limited, holding company of ACC Limited.

Mr. M.R. Kumar has tendered his resignation as Non-Executive Non-Independent D irector of the Company with effect from September 16, 2022 due to change in nomination from LIC. The following Independent Directors of the Company have tendered their resignations from the Board of the Company with effect from September 16, 2022: Mr. Damodarannair Sundaram (DIN:OOO 16304); Mr. Shailesh Haribhakti (DIN:00007347);Mr. Sushi! Kumar Roongta (DIN:00309302); Mr. Vinayak Chatterjee (DIN:00008933);Mr. Sunil Mehta (DIN:00065343); and Ms. Falguni Nayar (DIN:00003633).

Mr. N. S. Sekhsaria has tendered his resignation from the position of Chairman and Director of the company, with effect from September 16, 2022 in order to focus on his health, family, other interests and endeavors. The Board at its meeti ng held earlier September 16, 2022, has appointed following Directors on the Board of the company, with effect from September 16, 2022: Non-Executive Non-Independent Directors: Mr. Karan Adani, Chairman & No n-Executive Non-Independent Director (DIN: 03088095); Mr. Vinay Prakash, No n-Executive Non -Independent Director (DIN:03634648); Mr. Arun Kumar Anand, No n-Executi ve Non -Independent Director (DIN:08964078); Independent Directors: Mr. Sandeep Singhi, Independent Director (DIN:01211 070); Mr. Nitin Shukla, Independent Director (DIN:00041433); and Mr. Rajeev Agarwal, Independent Director (DIN:0798422 1). The 'Board at its meeting held September 16, 2022 has approved the change in designation of Mr. Sridhar Balakrish nan from Managing Director & Chief Executive Officer to Whole-Time Director & Chief Executive Officer with effect from September 16, 2022, liable to retire by rotation, subject to the approval of shareholders of the Company.

The other terms & conditions of his appointment shall remain unchanged. Mr. Damodarannair Sundaram, Independent Director resigned to facilitate the reconstitution of the Board due to change in majority/controlling shareholding from Holcim Group to Adani Group. Other Directorships/memberships in listed entities (only 111 case of resignation of Independent Directors); GlaxosmithKiine Pharmaceuticals Limited (Independent Director): Chairman- Audit Committee & Risk Management Committee, Member- Nomination & Remuneration committee.

Crompton Greaves Consumer Electricals Limited (Independent Director): Chairman- Audit Committee & Risk Management Committee, Member- Nomination & Remuneration Committee, Stakeholders' Relationship Committee and Corporate Social Responsibility Committee. Infosys Limited (Independent Director): Chairman- Audit Committee, Risk Management Committee & Stakeholders' Relationship Committee Member- Nomination & Remuneration Committee. Mr. Shailesh Haribhakti, Independent Director, resigned due to change in ownership of the company and to enable refreshment of the board.

Mr. Sush i! Kumar Roongta, Independent Director, resigned due to Change in the ownership and control of the company and in order to enable the new management of the company to reconstitute the Board. Mr. Vinayak Chatte1jee, Independent Director, resigned due to Other professiona l commitments. Mr. Sunil Mehta, Independent Director, resigned due to Change in ownership and control of the Company for the new principal shareholder/s to set a fresh strategic direction and goals for the company.

Ms. Falguni Nayar, Independent Director, resigned due to Owing to increase in commitments as Managing Director at her current company; FSN E-Commerce Venture Ltd.