Vesuvius India Limited announced at the board meeting held on January 19, 2021 that the company has approved resignation of Mr. Subrata Roy as the Managing Director. Mr. Subrata Roy has expressed his willingness to step down from the position of Managing Director effective from close of work on March 15, 2021 and has accordingly submitted his resignation. He will revert to his position of Operations Director FC & AR South Asia following the arrival of Mr. Jain. The Board has accepted the resignation of Mr. Subrata Roy as aforesaid. The company also approved appointment of Mr. Nitin Jain as the Managing Director. Subject to the approval of the Shareholders in the General Meeting and on the recommendation of the Nomination & Remuneration Committee, the Board of Directors of the Company has appointed Mr. Nitin Jain as the Managing Director of the Company with effect from March 16, 2021, pursuant to the provisions of the Companies Act 2013 for a period of five years. Nitin Jain joins from Imerys, the French minerals & mining organisation, where in his most recent role he was Managing Director, Ceramics India and Sales and Technical Director for the APAC Region. Mr. Jain has also worked in leadership roles in mergers & acquisitions, operations, product management, and sales and technology in both North America and Asia.