Announcement under Regulation 30 (LODR)-Change in Directorate

• Security Code: 500338
• Company: PRSMJOHNSN

We wish to inform you that the Company's Board of Directors has, at its Meeting held on February 6, 2019, on the recommendation of the Nomination & Remuneration Committee, decided as under :

1. Re-appointed Mr. Vijay Aggarwal as the Managing Director of the Company for a further period of three years with effect from March 3, 2019.
2. Appointed Mr. Sarat Kumar Chandak as Executive Director & CEO (HRJ) for a period of three years with effect from March 3, 2019.

Mr. Chandak, 48 years, has a good and varied experience of over 24 years with in-depth business insight and knowledge of the building materials industry, especially in the tiles industry.

Further, as per the requirement of the Circular no. LlST/COMP/14/2018-19 dated June 20, 2018 and Circular no. NSE/CMLl2018/24 dated June 20, 2018 issued by BSE Limited and National Stock Exchange of India Limited, respectively, on the subject of enforcement of SEBI Orders regarding appointment of Directors by listed companies, this is to confirm that Mr. Aggarwal and Mr. Chandak are not debarred from holding the office of Director by virtue of any order of SEBI or any other such authority.

Mr. Aggarwal and Mr. Chandak, respectively, are not related to any of the Directors or Key Managerial Personnel or Promoters of the Company.

We further wish to inform you that Mr. Joydeep Mukherjee will retire as Executive Director & CEO (HRJ) on the expiry of his term with effect from the close of business hours on March 2, 2019. Mr. Joydeep Mukherjee has also submitted his resignation from the Board of Directors of the Company with effect from the said date.