HDFC Asset Management Company Limited at its board meeting held on April 26, 2019, on the recommendation of the Nomination & Remuneration Committee, approved the Appointment of Ms. Roshni Nadar Malhotra (DIN: 02346621) as an Independent Women Director (Additional Director) on the Board of Directors of the Company for a period of 5 years effective from April 27, 2019, subject To Approve the shareholders of the Company at the upcoming Annual General Meeting. Mr. Deepak Phatak and Mr. Vijay Merchant, Independent Directors (whose current term will come to an end on July 20, 2019) are not seeking re-appointment for the second term. The Company being an Asset Management Company, Mr. Deepak Phatak and Mr. Vijay Merchant can hold the position of Independent Director of the Company only upto November 29, 2019 in view of SEBI Circular no. SEBI/HO/IMD/DF2/CIR/P/2017/125 dated November 30, 2017 and circular no. SEBI/HO/IMD/DF2/CIR/P/2018/19 dated February 07, 2018 issued by the Securities & Exchange Board of India. Roshni Nadar Malhotra is the CEO and Executive Director of HCL Corporation. She is responsible for providing strategic guidance to the organization. Roshni is also the Vice Chairperson on the Board of HCL Technologies and the Chairperson of its CSR Committee.