Intec Capital Limited announced at the board meeting held on December 26, 2020, the shareholders appointed Mr. Ramesh Tyagi and Mrs. Alka Garg as an "Additional Director (Non-Executive Independent Director)" on the Board of Directors of the Company with effect from December 26, 2020 for a term of 5 (five) years, i.e., upto December 25, 2025, subject To Approve the Shareholders of the Company. Mr. Ramesh Tyagi and Mrs. Alka Garg will be a Non-Executive, Independent Director and they are not related to the Promoter or Promoter Group and fulfills the criteria of independence as required under the provisions of the Companies Act, 2013 and the Rules framed thereunder and the Listing Regulations. Further, The company wish to confirm that Mr. Ramesh Tyagi and Mrs. Alka Garg are not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India (SEBI) or any other such authority. Mr. Ramesh Tyagi is a retired officer of Ministry of Defence. He had retired from his post in the year 2010. Post retirement he contributes his experiences towards various organizations by assisting and consulting them for a greener environment as social cause.