IL&FS Investment Managers Limited at the board of directors meeting held on July 28, 2020, approved the appointment of Mr. Manoj Borkar as the chief executive officer of the company. Mr. Manoj Borkar is also currently the chief financial officer of the company and will continue to handle those responsibilities as well. Mr. Manoj Borkar is a Chartered Accountant. Mr. Borkar has been associated with the Company for more than 20 years. The appointment of Mr. Manoj Borkar as the Chief Executive Officer of the company is in the capacity of a Key Managerial Personnel of the company pursuant to Section 203 of the Companies Act, 2013.