The board of directors of TRF Limited at its meeting held on September 14, 2018, approved: the relinquishment of the office of Managing Director by Mr. Sanjay Rajoria with effect from close of business hours on September 14, 2018; the relinquishment of office of the Chairman and Director by Mr. Sandip Biswas with effect from close of business hours on September 14, 2018; the appointment of Mr. Sumit Shubhadarshan as an Additional Director and Managing Director of the company with effect from September 15, 2018; the appointment of Mr. Ranganath Raghupathy Rao as an Additional Non-Executive Director on the Board of the company with effect from September 14, 2018; and the appointment of Mr. Rajesh Ranjan Jha as a Non-Executive Chairman of the company with effect from September 15, 2018. Mr. Sumit Shubhadarshan joined Tata Steel Ltd. in 1994. In September, 2017, he was deputed to TRF Ltd. as Vice President (Commercial).

Mr. R Ranganath, VP Finance (India & South East Asia), Tata Steel India Ltd. is responsible for the Financial Accounting, Taxation as well as Reporting and Consolidation of the Tata Steel Group. Prior to joining Tata Steel, he worked in Cairn Energy India Ltd, as Director Finance and was holding the additional charge of CIO. He also worked in Bharat Petroleum in different roles in Finance and Non-Finance.

His work experience spans for more than twenty-eight years. Mr. Rajesh Ranjan Jha is currently working as Vice President ­ Engineering & Projects. Mr. Jha joined Tata Steel as a Graduate Trainee in July 1990 and worked in the Engineering division (CE&DD).

He then moved to JAPCOL in the Finance and Accounts department. He later moved to Stewarts & Lloyds of India Ltd., as President (July 1997 to December 2005). In October 2012, he was promoted as Dy.

Vice President Engineering. In April 2014, he was re-designated as Vice President Engineering, TSK. Since April 2017, he is designated as Vice President ­ Engineering & Projects, the position he currently holds.