Tuticorin Alkali Chemicals and Fertilizers Limited a its board meeting held on May 24, 2023 approved the resignation tendered by Mr. E.Balu (DIN: 08773795) Director who will step down from the position of the Director of the Company with effect from the conclusion of the Board Meeting. The Board of Directors of the Company, have appointed Ms. Devaki Ashwin Muthiah (DIN: 10073541) as "Additional Director" (Executive) with immediate effect. Ms. Devaki Ashwin Muthiah is the first of the fourth generation of the founder's family and she holds a Masters of Arts in Business Management from the University of Edinburgh.

Till recently, served as a Senior Analyst at an Independent Investment Management Firm in London providing investment advisory services. Currently serving on the Board of AM International, Penn Globe Limited and Notedome Limited. As part of joining the group aims to drive strategic growth plans across Singapore, India and the UK to accelerate its future- readiness.

Will work alongside the professional leadership team to grow the global footprint of various group businesses. She is committed towards the organisation's goal of attracting, developing, engaging, and retaining the best talent. She also hopes to guide operative companies to become world- class entities imbibing the values of resilience and prudence.