The board of directors of Hindustan Media Ventures Limited at its meeting held on November 2, 2023, Upon recommendation of the Nomination and Remuneration Committee, approved appointment of Shri Sharad Bhansali (DIN: 08964527) as an Independent Director w.e.f. 02nd November, 2023 for a period of 5 years, subject To Approve the Members of the Company; approved appointment of Shri Nikhil Sethi as Company Secretary (KMP) and Compliance Officer of the Company w.e.f. 02nd November, 2023. Shri Bhansali is a law graduate from Delhi University and M.A. (Economics) from Boston University, USA, besides MBA in Finance & Marketing from Delhi University. He is presently, Managing Partner of ASL-Legal (ASL), a leading full service international corporate and commercial law firm with its head office in Delhi and specializes in the fields of WTO and trade law, antidumping and anti-subsidy investigations, infrastructure, real estate, banking, finance and foreign direct investment practice matters.

He has represented the Government of India before the WTO Dispute Settlement Body as well as the USITC and the European Commission in various trade disputes. He has also represented several exporters before various international authorities and commissions in EU, Turkey, USA, Mexico, Brazil, Argentina, China, Indonesia, Malaysia, Australia, etc. He has also advised some foreign governments as a UN expert on trade remedies and international trade.

Prior to joining the legal practice, he was member of the Indian Revenue Service (Customs & Central Excise) - 1980 Batch where he worked as Director in Anti-dumping and Trade Policy Divisions of the Ministry of Commerce from 1995 to 2000. During his tenure with Government of India, he had also held other senior positions in various ministries. He is currently also holding the position of Independent Director in Indus Towers Limited.

Shri Bhansali won several awards/commendation certificates from the Government of India for meritorious service. As a legal practitioner, he has consistently won accolades as a leading international trade law expert from various international agencies. Shri Bhansali is based out of New Delhi, India.

Shri Sethi holds bachelor's degree in commerce from the University of Delhi and a bachelor's degree in law from the University of Delhi. He is a qualified Company Secretary. He has over 18 years (15+ in listed companies) of experience in handling secretarial and legal matters for hospitality and other companies.

He is involved in handling key assignments such as listing of equities and debt instruments; corporate restructuring that involves mergers, acquisitions and demergers, joint ventures, PE investments, Foreign Direct and Overseas Direct Investments etc. He also has an extensive experience in execution of various commercial and legal agreements. He has worked with Lemon Tree Hotels Limited, Punj Lloyd Limited and Asian Hotels (West) Limited.