Astec LifeSciences Limited — Board Meeting, 28-03-2025: Outcome of Board Meeting

The Board of Directors has approved the appointment of Mr. Burjis Godrej as the Managing Director for a term of five years, commencing on April 1, 2025, without any remuneration. This decision is subject to shareholder approval. Additionally, the Board plans to seek shareholder consent via Postal Ballot for this appointment. Mr. Godrej, currently a Non-Executive Director, brings relevant experience from his role at Godrej Agrovet Limited and has a strong academic background, including an MBA from Harvard Business School.