New Delhi, July 29, 2024: Alpex Solar Limited (NSE Emerge: ALPEXSOLAR), a leading Indian solar systems manufacturer, has announced the appointment of Mr. Aditya Sehgal as the new Chief Executive Officer (CEO), effective immediately. This change is part of the company's broader strategy to advance growth, innovation, and sustainability within the solar PV panel manufacturing sector.

In conjunction with this appointment, Mr. Satish Kumar Gupta has been named as an Additional Non- Executive Director. Mr. Gupta, who previously served as the Chief Financial Officer (CFO), brings over 37 years of experience, including 17 years in the renewable energy sector. Mr. Amit Ghai will step into the role of Chief Financial Officer (CFO) with immediate effect. Mr. Ghai has over 20 years of diverse industry experience spanning manufacturing, consumer durables, heavy industries, pharmaceuticals, and financial services.

Mr. Aditya Sehgal, an Electrical Engineering graduate from the University of California, has a notable background in developing complex robotic technologies, automated checkout solutions, and advanced battery systems. His expertise also includes vendor and contract manufacturer management for high- volume electronics production.

Expressing his enthusiasm for the new role, Mr. Aditya Sehgal stated, "I am honored to take over as the CEO of Alpex Solar at such a pivotal time. The company has set a high standard in the PV solar manufacturing industry, and I am eager to work with our talented team to enhance our technological capabilities, explore new opportunities, and drive sustainable growth."

Mr. Ashwani Sehgal, Managing Director of Alpex Solar Limited, added, "We are thrilled to welcome Mr. Aditya Sehgal as our new CEO. His technological expertise and strategic vision are invaluable assets as we aim for new milestones. We are also pleased to restructure our leadership team with Mr. Satish Kumar Gupta as Non-Executive Director and Mr. Amit Ghai as CFO. We are confident that these changes will propel us towards achieving our mission of delivering innovative and sustainable solar solutions."

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