Orient Abrasives Limited at its board meeting held on April 12, 2023 approved In terms of the provisions of Section 161, 196, 197,198, 203 read with schedule V and other applicable provisions of the Companies Act, 2013 and in terms of the provisions of Regulation 17(1)(c) of the SEBI (LODR) Regulations and pursuant to the recommendation of the Nomination and Remuneration Committee, Mr. Manan Shah (DIN:- 06378095) has been co-opted as an Additional Director and shall be designated as Managing Director of the Company for a period of 3 (Three) years w.e.f 12th April, 2023. Mr. Manan Shah holds a Bachelor of Financial Markets degree from Mumbai. He completed his Advanced Derivatives & Risk Management course at Harvard Summer School.

Over the last ten years, he has successfully promoted and managed projects in diverse fields including Oil Refining Clay, Industrial chemicals, Environmental technologies, Pharmaceutical Intermediates, Specialty value-added ceramics products, Advanced Refractory Materials, Information Technology etc. He has a strong track record of placing research & product development at the core of his business strategy.