Indo National Limited announced that in view of retirement of Mr. N. Ramesh Rajan as Non- Executive Independent Director with effect from 6 May 2024, the Board of Directors of the Company vide its board meeting held on 30 April 2024 passed the resolution and have approved and reconstituted the composition of Audit Committee Corporate Social Responsibility committee, Nomination and Remuneration committee, Risk Management Committee, Stakeholders Relationship committee as follows: As per Regulation 18 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Audit Committee has been reconstituted by inducting Mr. Kiran Joseph as Non-Executive Independent Director as new member of the Committee in place of Mr. N. Ramesh Rajan. Post reconstitution, the composition of the Audit Committee shall be as follows: Mrs. Lakshmmi Subramaniam, Chairman; Mr. Kiran Joseph and Mr. M. Sankara Reddy as Members. As per Regulation 19 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Nomination and Remuneration Committee has been reconstituted by inducting Mr. Kiran Joseph as Non-Executive Independent Director as new member of the Committee in place of Mr. N. Ramesh Rajan.

Post reconstitution, the composition of the Nomination and Remuneration Committee shall be as follows: Mr. Kiran Joseph, Chairman; Mr. M. Sankara Reddy and Mrs. Lakshmmi Subramaniam as Members. As per Regulation 20 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Stakeholders Relationship Committee has been reconstituted by inducting Mr. Kiran Joseph, Non- Executive Independent Director as new member of the Committee in place of Mr. N. Ramesh Rajan. Post reconstitution, the composition of the Audit Committee shall be as follows: Mrs. Lakshmmi Subramaniam as Chairman; Mr. Kiran Joseph, Mr. P. Dwaraknath Reddy and Mr. R.P. Khaitan as Members.

As per Regulation 20 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Risk Management Committee has been reconstituted by inducting Mr. Kiran Joseph, Non- Executive Independent Director as new member of the Committee in place of Mr. N. Ramesh Rajan. Post reconstitution, the composition of the Audit Committee shall be as follows: Mrs. Lakshmmi Subramaniam as Chairman; Mr. Kiran Joseph and Mr. M. Sankara Reddy as Members and Mr. J. Srinivasan as Chief Risk Officer. As per Section 135 of the Companies Act 2013 and Rules made thereunder, the Corporate Social Responsibility Committee has been reconstituted by inducting Mr. Kiran Joseph, Non-Executive Independent Director as new member of the Committee in place of Mr. N. Ramesh Rajan.

Post reconstitution, the composition of the Audit Committee shall be as follows: Mr. Kiran Joseph as Chairman; Mr. M. Sankara Reddy and Mr. P. Aditya Reddy as Members.