IndoStar Capital Finance Limited announced the resignation of Munish Dayal and Appointment of Mr. Devdutt Marathe as Non-Executive Non- Independent Director(s) of the Company. Appointment pursuant nomination by BCP V Multiple Holdings Pte. Ltd. in terms of the Shareholders Agreement dated 31 January 2020 executed among the Company, BCP V Multiple Holdings Pte.

and Indostar Capital and Articles of Association of the Company. Mr. Devdutt Marathe is an investment professional with over thirteen years' experience in the PE space. He is currently a Senior VP at Brookfield Asset Management focused on the PE business in the India /Middle East region.

Previously, Mr. Marathe was a Principal at Apax Partners, where he led or participated in several transactions across financial services, healthcare and technology sectors. Mr. Marathe holds B.Tech. and MS degrees in Electrical Engineering from IIT Madras and Caltech (USA) respectively, and a PGDM from IIM Ahmedabad.