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Announcement Detail	Consolidated Gruenenfelder Saady Holding Co. (CGS) announces the appointment of Mr. Amit Lahoti as Group Chief Financial Officer (CFO) of the Company. He will assume his duties effective May 17th 2026G. This appointment comes as part of the Company’s succession, recently appointing Mr. Ruban Bilen to the position of Group Chief Executive Officer (CEO) effective May 1st 2026G. Mr. Lahoti is a Big 4 trained, qualified Chartered Accountant who brings more than 25 years of distinguished multi-jurisdictional professional experience having worked for listed multinational companies focusing in the areas of complex joint ventures, financial strategy, treasury, FP&A, M&A, governance, risk management, and value creation across Asia, the Middle East, Europe, and Africa. He has most recently held senior executive positions including Vice President of Finance and Divisional General Manager. Mr. Lahoti holds several academic and professional qualifications, including: General Management Programme, Harvard Business School, USA. Chartered Accountant, The Institute of Chartered Accountants of India. Bachelor of Commerce (Honours), St. Xavier’s College, Calcutta University, India. The Company wishes Mr. Amit Lahoti success in his new role and looks forward to his contributions in supporting CGS’s continued progress, strengthening its financial capabilities, enhancing governance standards, and achieving the Company’s overall strategic objectives.

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Explanation

Announcement Detail

Consolidated Gruenenfelder Saady Holding Co. (CGS) announces the appointment of Mr. Amit Lahoti as Group Chief Financial Officer (CFO) of the Company. He will assume his duties effective May 17th 2026G.

This appointment comes as part of the Company’s succession, recently appointing Mr. Ruban Bilen to the position of Group Chief Executive Officer (CEO) effective May 1st 2026G.

Mr. Lahoti is a Big 4 trained, qualified Chartered Accountant who brings more than 25 years of distinguished multi-jurisdictional professional experience having worked for listed multinational companies focusing in the areas of complex joint ventures, financial strategy, treasury, FP&A, M&A, governance, risk management, and value creation across Asia, the Middle East, Europe, and Africa.

He has most recently held senior executive positions including Vice President of Finance and Divisional General Manager.

Mr. Lahoti holds several academic and professional qualifications, including:

General Management Programme, Harvard Business School, USA.

Chartered Accountant, The Institute of Chartered Accountants of India.

Bachelor of Commerce (Honours), St. Xavier’s College, Calcutta University, India.

The Company wishes Mr. Amit Lahoti success in his new role and looks forward to his contributions in supporting CGS’s continued progress, strengthening its financial capabilities, enhancing governance standards, and achieving the Company’s overall strategic objectives.

Consolidated Grunenfelder Saady Holding Co. Announces the appointment of the Group Chief Financial Officer (CFO)