The board of directors of Geojit Financial Services Limited at meeting held on 24 January 2023, approved incorporation of a wholly owned subsidiary of the company. name of the target entity: Name: Geojit Securities Limited or any other name as may be approved by Ministry of Corporate Affairs; Proposed Authorised Capital: INR 1,000,000. objects and effects of acquisition: The proposed wholly owned subsidiary company to be incorporated in India will carry out Securities business, Inter alia, including stock-broker business, depository participant business and investment advisory business.

percentage of shareholding: 100%.