Resignation of Mr. Mahabir Prasad Agarwal effective from the close of business hours on 9th May 2025,His decision to step down was guided by personal considerations, particularly his age. This transition also marks a strategic step towards generational leadership within the Company. Accordingly, Mr. Brij Bhushan Agarwal, who previously served as the Vice Chairman, has been appointed as the Chairman and Managing Director with effect from 10th May, 2025.