Digjam Limited at its board meeting held on February 6, 2023, approved the Appointment /Change in Designation of Sri Hardik B. Patel as a Whole Time Director and Chairman of Board from Non-executive Director and Chairman of Board of the Company for period of three years w.e.f. February 6, 2023.Sri Hardik B. Patel is appointed and Redesignated (change of designation) as Whole Time Director and Chairman of the Board from Non-executive Director of the Company for a term of three years with effect from February 6, 2023 to February 5, 2026, who's office will not be liable to retire by rotation. Sri Hardik B. Patel aged 41, has a Master's Degree in Business Administration from Crummer Graduate School of Business, Florida, USA. He is the founder and Promoter of FINQUEST and has worked with pre-eminent investment banks and asset advisory firms such as Merrill Lynch, PCE Investment Bankers and Fidelity Investments in the USA.

Sri Patel specializes in developing bespoke client specific solutions including creating prudent asset allocation techniques and building model portfolios. He is on the Board of Rubfila International Limited, Premier Tissues (India) Limited, Finquest Securities Private Limited, Finquest Financial Solutions Private Limited, Krihaan Texchem Private Limited and many family promoted companies. Approved the Appointment of Sri Parashiva Murthy B S as the Additional Director (Non-Executive & Non-Independent) of the Company, liable to retire by rotation, effective today i.e. February 6, 2023, as recommended by the Nomination and Remuneration Committee.

Sri Parashiva Murthy B S aged 58, is an Engineering graduate and a professional cost accountant from Institute of Cost Accountants of India having more than 3 decades of Industry experience which includes working with IDBI Bank (formerly Industrial Development Bank of India), BPL Group and Kennametal Group. While working with IDBI for more than 23 years, Mr. Murthy has worked in various capacities with his last role as General Manager, heading the Stressed Asset Vertical of IDBI Bank. Mr. Murthy has been on board of many Corporates as Independent Director.

He has deep insight knowledge on credit appraisal process of a Bank and Financial institution. He is on the Board of Finquest Financial Solutions Private Limited as Non-Executive Non-Independent Director. Sri Parashiva Murthy B S is presently acting as Non-Executive Director of Holding Promoter Company, except above Sri Hardik B. Patel is not related to any Directors or Key Managerial Personnel of the Company.