Greaves Cotton Limited announced Mr. Nagesh Basavanhalli has expressed his intention to retire from his position as Non-Executive Vice Chairman of the Company, to the Board of Directors at its meeting held on 08 May, 2024, due to his personal and professional factors. Considering the long-term relation of Mr. Basavanhalli with the Company and to ensure smooth transition, the Board has considered and decided to continue his current position as Non-Executive Vice Chairman till the time, the identification, selection and transition to the new leadership in the Company is complete. The effective date of his retirement from the position of Non-Executive Vice Chairman shall be agreed between Mr. Basavanhalli and the Board.