Voltas Limited — Others, 29-01-2025: Appointment

Mr. Pradeep Bakshi, the current Managing Director & CEO of Voltas, has decided not to seek reappointment upon completing his term in August 2025. The Board has accepted this decision and appointed Mr. Mukundan C.P. Menon as Managing Director (Designate) effective April 2025, with a full appointment beginning September 2025, pending shareholder approval. Additionally, Ms. Sonia Singh has been appointed as an Additional Non-Executive Independent Director for five years starting March 2025. This leadership transition may positively influence investor sentiment by bringing experienced management and a fresh perspective to the company's strategic direction.