The Board of Directors of Mangalore Refinery and Petrochemicals Limited appointed Shri Mundkur Shyamprasad Kamath, as Additional Director designated as Managing Director on the Board of the Company vice Shri Sanjay Varma in compliance with provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shri Mundkur Shyamprasad Kamath has taken the charge of Managing Director effective February 28, 2024. Shri Mundkur Shyamprasad Kamath is not related to any Director of the Company and is eligible for appointment as Director in terms of provisions of Section 164 of the Companies Act, 2013.

Shri Sanjay Varma has vacated the office of Managing Director (Additional Charge) and Chief Executive Officer of the Company effective February 28, 2024 on appointment of Shri Mundkur Shyamprasad Kamath as regular incumbent as Managing Director. Shri Mundkur Shyamprasad Kamath has vacated the office of Executive Director (Refinery) of MRPL effective 28/02/2024 on being appointed as Managing Director on the Board of the Company. Shri Mundkur Shyamprasad Kamath has a distinguished professional career spanning Over 30 years in the downstream hydrocarbon industry.

He holds a bachelor?s degree in chemical engineering from MIT Manipal (1989) and a Post-Graduation Diploma in Management from TA Pai Management Institute Manipal (1992). During previous tenure as Executive Director (Refinery) at MRPL, he excelled in managing 'operations, maintenance, technical services, and production planning. His strategic vision prioritizes operational excellence, energy conservation, reliability, and digitalization.

Throughout his career, Shri Kamath has held significant roles, demonstrating expertise in various areas. He possesses deep knowledge of petroleum functions, including project conceptualization, process engineering, production planning, and overall operations. He has been instrumental in steering the refinery towards cutting-edge advancements by championing the integration of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML).