The board of directors of Tide Water Oil Co. (India) Limited meeting held on February 14, 2023, approved the appointment of Shri Arijit Basu, Executive Director as Managing Director of the Company for the five years, with effect from March 1, 2023, subject To Approve the shareholders to be obtained through Postal Ballot. The board noted the forthcoming conclusion of term of appointment of Shri R.N. Ghosal, Managing Director of the company on 28 February, 2023.

Shri Ariit Basu, has been associated with the Company since 1 January, 2020. He has done B.Sc. (Chem), PGDBM, Adv.

Mgmt. Prog. From IMD, Lausanne (Switzerland) and IIM Kolkata.

He has rich and varied experience of more than 24 years in the fields of marketing, chemistry and management functions.