IndiaMART InterMESH Limited at the board meeting held on April 05, 2024, approved the transition of Mr. Prateek Chandra as the Senior Management Personnel in a new role within the Company as Chief Strategy Officer with effect from June 15, 2024. He would relinquish his position as Chief Financial Officer and Key Managerial Personnel of the Company with effect from end of the day of June 14, 2024. During the last few years, the Company had been taking various steps to strengthen its value proposition and create an ecosystem wherein businesses are enabled to operate more efficiently by providing them business enablement software solutions.

In furtherance of the same, the Company has invested ~INR 11,000 million over the last few years, in pursuing inorganic growth opportunities in the areas of B2B, Fintech, Logistics and business SAAS, and have acquired Busy Infotech and Livekeeping Technologies and made multiple minority investments. As a next step to nurture and grow these investee companies while deriving mutual synergies with Indiamart business, as well as explore other organic and inorganic growth opportunities, the Company is creating a new role of `Chief Strategy Officer' within the organization. This role will involve development and execution of growth strategy, identifying growth opportunities whether organic or inorganic.

As these activities become critical, the Chief Strategy Officer will become an essential part of the core C-suite and will work closely with the CEO and the Board of Indiamart. While identifying the right candidate for this role, it has been felt that Mr. Prateek Chandra has developed in-depth understanding of what the role requires over a period with the Company as he had been closely involved in the strategy development since he joined IndiaMART. In addition, he has successfully demonstrated a record of rapidly and profitably growing the Company and completing significant and critical projects of pre-IPO fund raising, IPO, QIP, Bonus, Buyback, acquisitions and minority investments.

The Company firmly believes that this dedicated role will allow him to resolutely focus on developing and executing a comprehensive, inclusive strategic plan and growth strategy by collaborating with senior leadership and the Board of Directors, that would be critical to our continued growth. Therefore, in the view of transition to a new role within the Company as `Chief Strategy Officer' with effect from June 15, 2024, Mr. Prateek Chandra, has requested to relinquish his position of Chief Financial Officer and Key Managerial Personnel of the Company with effect from end of the day of June 14, 2024. Induction of Mr. Nikhil S. Prabhakar as Senior Management Personnel of the Company in the role of Chief Information Officer of the Company, with effect from April 05, 2024.

Mr. Nikhil S Prabhakar joined the Company in August, 2022 and has held various responsibilities related to business and product over a period of time. Qualification: Mr. Nikhil S Prabhakar holds a degree in Computer Science Engineering from NITK Surathkal and a Master's in Business Administration (`MBA') from the Faculty of Management Studies, New Delhi. Experience: He has over ~13 years of experience across various industries and geographies and has core expertise in the field of Business Management, Sales Management, Product Management & Leadership.

Prior to joining the Company, he was previously associated with Pristyn Care, Ola Financial Services and Bharti Airtel. He was also the Founder of GoodHealth Technologies.