Insilco Limited announced that at its Meeting of the Board of Directors of the Company held on June 27, 2023, considered and approved the appointment of Mr. Rajeev Agarwal as Chief Financial Officer (CFO) of the Company to perform the duties which may be performed by a Chief Financial Officer (CFO) and Key Managerial Personnel of the Company with effect from 28th June 2023 till the filing of application of dissolution of the Company with the National Company Law Tribunal as per the provisions of Insolvency of Bankruptcy Code, 2016 read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (`VL Regulations'). Brief Resume: Mr. Rajeev Agarwal holds a Master Degree in Commerce. He has worked for the Company since November 1993 in Finance & Accounts Department and his last designation was Chief Financial Officer.

He has an experience of 34 years in different fields of Finance, Accounts and Controlling. Reason of Change: Appointment (To fill-up the vacancy). [As per the Retention Agreement dated 1st February 2021 made between Mr. Rajeev Agarwal, CFO and the Company, Mr. Rajeev Agarwal's last working day with the Company was 31st December 2022.

Accordingly, Mr. Rajeev Agarwal, the erstwhile Chief Financial Officer of the Company ceased to be the Chief Financial Officer of the Company with effect from 1st January 2023.