Dhani Services Limited was informed about moving of Mr. Sameer Gehlaut, to the role of Non-Executive Chairman of the company this is to inform that, in view of his personal and other commitments, he has now resigned as its Non-Executive Chairman, with effect from June 17, 2023. On the recommendation of Nomination & Remuneration Committee, the Board has appointed Mr. Gurbans Singh as Whole-time Director and Key Managerial Personnel, desig- nated as Executive Chairman of the Company, for a period of 5 years with effect from June 18, 2023. Mr. Gurbans Singh is a retired Indian Revenue Services ("IRS") (Customs and Central Excise) of- ficer and in his career as an IRS officer spanning over 22 years, he held senior level positions with the Government of India in the areas of customs and central excise, including as the Commissioner of Customs, Delhi.

He holds a bachelor's degree in arts from Punjab University and a master's degree in economics from Punjab University. He was a re-cipient of the British Chevening scholarship award-ed by the Foreign and Commonwealth Office in the year 1993-1994 and during which he completed his master of science in fiscal studies from the Univer-sity of Bath, United Kingdom. He was holding the office of Joint Managing Director of Indiabulls Real Estate Limited during the period from September 2014 to August 2022.