Jain Irrigation Systems Limited announced that Shri. Devendra Raj Mehta, Independent Director has completed his 2nd five years term as an Independent Director and consequently ceased to be a Director of the Company, effective the close of business hours on
March 31, 2024. Shri Devendra R. Mehta is a transformative leader who reshaped India's capital markets during his tenure as SEBI Chairman and banking sector as RBI Deputy Governor. Dr. Bhavarlal Jain, the founder of Jain Irrigation Systems Ltd. Reason: Retirement as Independent Director, after the completion of pursuant to Section 149(11) of the Companies Act, 2013.