The Board of Directors of CARE Ratings Limited on the recommendation of the Nomination and Remuneration Committee appointed Mr. Najib Shah as an Additional Director (Independent). Further, In terms of clause 7 of SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015 the company inform that Mr. Najib Shah had served as Chairman of Central Board of Exciseand Customs (CBEC), and in compliance with SEBI directives to the stock Exchanges dated June 14, 2018, NSE Circuiar No. NSE/CMl/2018/24 dated June 20, 2018 and BSE Circular No. lIST/COMP/14/2018-19 dated June 20, 2018 this is to affirm that Mr. Najib Shah, has not been debarred from holding the office of director by virtue of any SEBI order or any other such authority.