Parag Milk Foods Limited announced that at its board meeting held on November 14, 2022, the board noted the resignation of Mr. Krishnamurthy Suryanarayan from the office of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company due to his personal reasons with effect from November 13, 2022. The Board approved the appointment of Mr. Surendra Malaviya, as the Interim - Chief Financial Officer and Key Managerial Personnel of the Company with effect from November 14, 2022. Resignation of Mr. Suryanarayan as CFO & KMP due to personal reasons.

Appointed as Interim Chief Financial Officer and Key Managerial Personnel of the Company by the Board of Directors with effect from November 14, 2022 as per the provisions of the Companies Act, 2013 until Whole-Time CFO is appointed in due course. Mr. Surendra Malaviya has more than 11 years of experience in corporate sector. He is associated with Parag Milk Foods since last Five years and currently appointed as interim- CFO.

His present role involves Financial Planning, Commercial, Audit & Taxation, Costing & Budgeting, SAP implementation, Banking, Secretarial and Legal. He believes that technology is future and not a fad and hence insists that one should embrace it as it is positively enhancing industries and business models. Prior to Parag Milk Foods, he has worked with Kanakia Spaces Realty Pvt.

Ltd., Skyway RMC Plants Pvt. Ltd. and V.J. Shroff & Co. practicing Chartered Accountants, Mumbai to name the few.

His educational background comprises of MBA in Finance from Jamnalal Bajaj Institute of Management Studies, Mumbai, Masters in Commerce and LLB from Mumbai University. He is currently designated as Deputy General Manager - Finance & Accounts in the Company.