GMM Pfaudler Limited — Others, 13-12-2024: Appointment

GMM Pfaudler Limited's Board has confirmed the resignation of Chief Financial Officer Manish Poddar, effective February 7, 2025, as he seeks new opportunities. Mr. Alexander Poempner, previously CFO for GMM Pfaudler - International Business, has been appointed as Group CFO, also effective February 7, 2025. Additionally, the Board approved the closure of the Hyderabad manufacturing facility, consolidating operations with the Karamsad site to enhance efficiency and reduce costs, which is expected to be completed within two months. While this consolidation reflects strategic operational changes, it poses no significant risk to revenue or net worth. The management transition may foster a positive outlook among investors as GMM continues to streamline operations.