Ikab Securities & Investment Limited Board of Directors meeting held on May 27, 2022, the Board appointed Mr. Sanjay Malpani and Mr. Sumit Bhalotia, as an Additional Non Executive Independent Directors of the Company for a period of five years effective from May 27, 2022. The Board noted the resignation of Ms Ankita Phophaliya as Company Secretary & Compliance Officer of the Company effective from May 27, 2022 and in her place, Mr. Sanket Rathi was appointed as Company Secretary & Compliance Officer of the Company with effect from May 27, 2022. The Board noted the resignation of Mr. Subhash Sheoratan Mundra as Director& Chairman of the Company from the Board with effect from May 14, 2022.

Mr. Sanjay Malpani is a Chartered Accountant. He has wide experience in administration, growth strategies, corporate structuring, business planning, treasury and risk management in diverse organizations in Food, Oil & Gas, Trading and distribution of consumer and industrial goods industries; working for leading MNC, large corporates & promoter driven companies in India and abroad. Mr. Sumit Bhalotia has over 15 years of work experience across diverse industries ranging from financial services, oil & gas, telecom and information technology.

This includes more than a decade of experience in equity research & fund management. He is currently associated with MK Ventures, a boutique investment management firm focused on alpha generation. Before joining MK Ventures, Sumit was Assistant Vice President - Investments at Reliance Capital Ltd. He has also worked at CRISIL, Indian Oil Corp.

and Cognizant Technology in various roles. Sumit started his investing career as an analyst conducting extensive modelling for a top Global research team focused on European equities.