The Board of Directors of the CARE Ratings Limited at their meeting held on August 9, 2023 announced the cessation of Mr. Milind Gadkari, Mr. Sanjay Kumar Agarwal, Mr. Padmanabh Sanjeev Bhagavath, Ms. Rajashree Murkute, Mr. Ranjan Sharma, Mr. Yogesh K Shah, Ms. Priti Agarwal, Mr. Saikat Roy, Mr. Pradeep Kumar V, Mr. Ankur Sachdeva, due to change in organisational Structure he or she ceases to be classified as Senior Management Personnel, however, they continue to remain in the employment of the Company. Date of cessation: August 9, 2023.