J.K. Cement Limited informed that at the recommendation of the Members of Nomination and Remuneration committee, the Members of Board of Directors of the Company by way of resolution passed through circulation have approved appointment of Mr. Rakesh Sethi as an Additional Director in the category of Non-Executive Independent Director with immediate effect. Date of appointment: March 6, 2024. Mr. Rakesh Sethi is a Gold Medalist in Master of Commerce from the Osmania University, Hyderabad. Work Experience: He has been a career banker and has held several top positions during his 38 years of experience in banking industry. He is a veteran banker and has worked in various segments in banking industry including but not limited to Corporate Banking, Foreign Exchange, Credit, Risk Management, Deposit Planning, Corporate Communications, Government Business etc. Some of his accomplishments include being the Executive Director with Punjab National Bank ("PNB") from January 1, 2011, to March 11, 2014 Chairman and Managing Director of Allahabad Bank from March 12, 2014 to April 30, 2017,
and in various capacities in Andhra Bank. He is currently an Independent Director and Chairperson of Board of TruCap Finance Limited, an RBI registered NBFC listed on BSE Limited NSE of india.