ICICI Securities Limited Board of Directors have approved the appointment of Mr. Rakesh Jha on September 26, 2022, as an Additional Director (Non-Executive Non-Independent Director) on the Board of Directors of the Company with effect from September 26, 2022 subject to regulatory approvals. Mr. Rakesh Jha is not related to any of the Directors of the Company. Further, the company affirm that Mr. Rakesh Jha has not been debarred from holding the office of a Director by virtue of any SEBI order or any other such authority.

Mr. Rakesh Jha is an Executive Director on the Board of ICICI Bank Limited since September 2, 2022. He heads the Retail Banking business of the Bank. Rakesh is responsible for the Retail Banking, Rural & Agriculture and Small & Medium Enterprise businesses of the Bank.

Rakesh also serves on the Board of ICICI Lombard General Insurance Company Limited and ICICI Venture Funds Management Company Limited. Rakesh has been with ICICI Group since the year 1996 and has worked in various areas including financial reporting, planning, strategy, asset-liability management and investor relations. Rakesh is knowledgeable and has practical experience in the areas of accounting, banking, economics and finance.

Prior to his current role, Rakesh was the Group Chief Financial Officer of the Bank. Rakesh has a management degree from the Indian Institute of Management, Lucknow and an engineering degree from the Indian Institute of Technology, Delhi.