BSE - Corporate Announcement

Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. April 26, 2022, considered and accepted the resignation of Mr. Ajay Mahajan (DIN: 05108777) as the Managing Director and Chief Executive Officer of the Company due to personal reasons. Accordingly, Mr. Ajay Mahajan will be relieved from the services as the Managing Director and Chief Executive Officer of the Company effective from the close of business hours on May 31, 2022. Consequently, he shall also cease to be Key Managerial Personnel of the Company in terms of Section 203 of the Companies Act, 2013. The Board of Directors of CARE has decided to appoint Mr. Mehul Pandya, Executive Director - Business Development as interim Chief Executive Officer of the Company with effect from June 01, 2022.

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