3i Infotech Limited approves following changes a the boar meeting held on December 10, 2023. (i) Cessation of Mr. Ashok Shah (DIN: 01194846) as the Chairman & Independent Director of the Company with effect from December 10, 2023, pursuant to provisions contained in Section 149(11) of the Companies Act, 2013. The intimation as received from Mr. Ashok Shah is annexed as Annexure - 1. (ii) Appointment of CA Uttam Prakash Agarwal (DIN: 00272983), Non-Executive Independent Director of the Company as the Chairman of the Board of Directors of the Company with effect from December 10, 2023.

Section 149(11) of the Companies Act, 2013 states that notwithstanding anything contained in sub-section (10), no independent director shall hold office for more than two consecutive terms, but such independent director shall be eligible for appointment after the expiration of three years of ceasing to become an independent director: Mr. Ashok Shah was re-appointed by the Shareholders in the Annual General Meeting of the members held on December 23, 2020 for second term of five consecutive years commencing from October 1, 2020 as an Independent Director of the Company. However, on scrutiny of the records of the Company by the Secretarial Auditors M/s SAP & Associates, Navi Mumbai, it was found that his reappointment as an Independent Director was for the third term, which is not allowed. In view of above, Mr. Ashok Shah vacated his office as an Independent Director with immediate effect.

Membership of board committees: 1. Audit Committee ­ Member 2. Nomination and Remuneration Committee ­ Member 3. Stakeholders Relationship Committee ­ Chairman 4. Corporate Social Responsibility Committee - Chairman.