Godrej Consumer Products Limited appointed Aasif Malbari as Managing Director & Chief Executive Officer, effective August 12, 2026, succeeding Sudhir Sitapati who stepped down after five years. The leadership change aims to accelerate growth across the company's emerging markets portfolio, leveraging Malbari’s track record of transforming the Africa business and expanding margin-accretive categories. Vishal Kedia was simultaneously named Interim Chief Financial Officer to ensure continuity in financial oversight during the transition.

Leadership Transition Details

The Board of Directors approved the appointments on August 11, 2026, following a meeting that commenced at 3.35 P.M. (IST). The key personnel changes are outlined below:

Malbari’s appointment is subject to shareholder approval via postal ballot, which will be circulated in due course. He joins the Corporate Social Responsibility, ESG, and Management Committees, while continuing on the Risk Management Committee.

Strategic Context: Africa Transformation

Malbari brings three decades of experience in FMCG and auto industries, having previously served as Global CFO at Godrej Consumer Products, CFO at Tata Passenger Electric Mobility, and held roles at Hindustan Unilever. As Global CFO, he oversaw business strategy and partnered with leadership teams globally.

A key highlight of his tenure was the transformation of the Africa business. Under his oversight, the company grew its margin-accretive FMCG portfolio, notably launching the air care category and strengthening the legacy Hair Fashion business. This strategic shift resulted in EBITDA margins growing from ~9% in FY24 to ~15% in FY26.

Prior to joining GCPL, Malbari played a key role in scaling Tata Passenger Electric Mobility, including its reorganisation and a USD 1 billion fundraise for the electric vehicle business. He is a Chartered Accountant and Company Secretary who secured the All India First Rank in both CA Intermediate and Final examinations.

Outgoing CEO’s Legacy

Sudhir Sitapati tendered his resignation via email dated August 10, 2026. In his communication to Executive Chairperson Nisaba Godrej, Sitapati highlighted that GCPL’s total shareholder return had been ~10% from May 7, 2021, through August 9, compared with ~8% for the NIFTY FMCG index. He also noted that 97% of analysts rated the stock a Buy or Hold.

Sitapati cited Q1 2027 revenue growth of 19%, driven by 9% underlying volume growth, as multi-quarter highs. The Board thanked him for his bold thinking over the last five years. His resignation renders the Ordinary Resolution passed at the 26th Annual General Meeting on August 7, 2026, ineffective.

Interim CFO Appointment

Vishal Kedia, currently Head — Strategy, FP&A and Investor Relations, was appointed Interim CFO and Key Managerial Personnel effective August 12, 2026. Kedia will continue discharging his existing responsibilities until a permanent candidate is appointed. He has been with the Godrej Group since November 2016, holding roles across India, Indonesia, Africa, and Latin America. Prior to joining GCPL, he worked at The Boston Consulting Group. He holds a Post Graduate Programme in Management from IIM Ahmedabad and a Bachelor of Commerce from St. Xavier’s College.

Disclosures and Authorisations

The board authorised Ms. Nisaba Godrej (Executive Chairperson), Mr. Aasif Malbari (MD & CEO), Mr. Vishal Kedia (Interim CFO), Mr. Virender Mittal (Global Controller), and Ms. Tejal Jariwala (Company Secretary & Compliance Officer) to determine materiality and make disclosures to stock exchanges, effective August 12, 2026.

Godrej Consumer Products Limited has announced a virtual conference call for institutional investors and analysts, scheduled for Tuesday, August 11, 2026, from 5:30 PM to 6:30 PM IST. The company's senior management team will represent the organisation during the call. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Short-Notice Scheduling Due to Key Managerial Personnel Change

The company has noted that the investor and analyst call has been organised at short notice owing to the urgent nature of an announcement relating to a change in Key Managerial Personnel. In accordance with Clause 19.1 of the Industry Standards Note on Regulation 30 of the SEBI Listing Regulations, issued pursuant to SEBI Circular dated February 25, 2025, the requirement of providing 2 (two) working days' advance notice has been dispensed with. Any presentations to be made at the event will be submitted to the stock exchanges and hosted on the company's website.

Conference Call Schedule and Details

The following table summarises the key details of the scheduled event:

Dial-In Information

Participants can join the conference call using the following dial-in numbers. The company has requested that attendees dial in 10 minutes prior to the call to avoid connectivity issues.

A Diamond Pass Registration Link has also been made available for participants: https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=0688423&linkSecurityString=5f891af1c

Investor Relations Contact

For further information, investors and analysts may reach out to the GCPL Investor Relations team at ir@godrejcp.com . The regulatory filing was signed by Tejal Jariwala, Company Secretary & Compliance Officer (F9817), on August 11, 2026.