Tata Consumer Products Limited approved that Mr. L. Krishnakumar, the Executive Director, will retire from his position effective close of business hours on October 31, 2023, in accordance with the Company's superannuation policy and the terms approved by the Nomination and Remuneration Committee, the Board, and the Shareholders. Mr. Navaneel Kar, President and Head India Sales, (categorized as SMP), has submitted his resignation due to personal reasons, which shall be effective from November 17, 2023. Mr. Punit Gupta, presently serving as Senior Vice President - Strategy and M&A (categorized as SMP), will assume the role of President and Head of Sales for India, commencing November 18, 2023.

Mr. Punit has over 16 years of experience across operational and consulting roles including leading and delivering large- scale, complex transformation engagements across India, APAC, Europe and North America. Prior to Tata Consumer, Punit headed business strategy for Samsung Electronics for South-West Asia driving strategic initiatives for the smartphone and the consumer durables businesses. Punit started his career in operational roles with Asian Paints and Hindustan Unilever Ltd., where he managed large sales teams across various geographies in India, spanning more than 40 FMCG product categories like decorative paints, home and personal care, and foods & beverages.

During his strategy consulting assignments with Accenture and A.T. Kearney, Punit led 30+ CXO level engagements with cross-functional teams across the globe. Mr. Punit holds a Mechanical Engineering degree from Delhi College of Engineering and an MBA from XLRI, Jamshedpur.