The Board of Directors of MMTC Limited approved appointment of Nabarun Nayak as Non-official Independent Director on the Board of Directors of MMTC w.e.f. August 3, 2023 (date of their consent to act as Director) for a period of three years from the date of issue of order of MOC&I. Board Passed the Resolutions by circulation by majority on August 3, 2023. Nabarun Nayak, aged 49 years and is a graduate in humanities. It is hereby informed that: Nabarun Nayak is not related to any other Director on the Board of the Company on the date of his appointment in MMTC Limited.

Nabarun Nayak is not debarred from holding the office of Director pursuant to any SEBI order or order of any other such authority.