Dhani Services Limited announced that effective from January 1, 2023, Board of the company has been reconstituted as under: Mr. Sameer Gehlaut - Executive Chairman & CEO; Mr. Divyesh B. Shah - Whole-time Director & COO; Mr. Amit Ajit Gandhi - Non-Executive Director; Dr. Narendra Damodar - Jadhav Independent Director; Mr. Aishwarya Katoch - Independent Director; and Ms. Swati Jain - Independent Director. The new directors are: Mr. Amit Ajit Gandhi and Mr. Aishwarya Katoch. Mr. Amit Ajit Gandhi aged 46 years, is Whole-time Director & Chief Executive Officer of Indiabulls Asset Reconstruction Company Limited and was Collection Head at Dhani Loans and Services Lim- ited, material unlisted subsidiary companies of Dhani Services Limited.

He has over 24 years of experience in Retail Banking and Financial Services across Business, Strategy, Collections, Risk, Channel Management and Digital Lending. Prior to his association with Dhani group, he worked with Indiabulls Housing Finance Limited for 10 years heading National Level roles in Risk, Collections, fraud and Sales. He has also worked with Standard Chartered Bank, Bharti Cellular, Xerox.

He is Commerce graduate from Delhi University. He holds 47,000 equity shares in the Company and is not re- lated to any other Director of the Company. He is not debarred from holding the office of director by virtue of any order passed by SEBI or any other such authority.

Mr. Aishwarya Katoch aged about 52 years, has over 30 years of rich and varied experience in the areas of business management, marketing, hospitality, supply chain management and administration. Mr. Katoch runs a successful business of leisure and heritage hotels and resorts. He holds bachelor's degree in Business Administration and Merchandising from the American College for Applied Arts, London, U.K. He does not hold any shares in the Company and is not related to any other Director of the Company.

He is not de- barred from holding the office of director by virtue of any order passed by SEBI or any other such authority. Further, due to personal reasons and other commitments, Mr. Pinank Jayant Shah Whole- Time Director & Key Managerial Personnel designated as Executive Director and Mr. Sandeep Kadam Non-Executive Director, have resigned from the Board of the Company, with effect from January 1, 2023.