Parnax Lab Limited announced that the Board of Directors of the Company at its meeting held on 29th September, 2023 has Appointed Mr. Harish S. Panpalia (DIN: 10275561) as a Non-Executive Independent Director of the Company, for a consecutive period of Five (5) years, effective 11th August, 2023. Date of Birth: October 24, 1959. Qualification: Masters from Nagpur University, Diploma in Business Management, CAIIB.

BS Trainer. Occupation: SERVICE & COPRPORATE ADVISORY. Experience: Seasoned Corporate Banking Professional with more than 39 years of successful career with SBI.

Retired in Top Executive Grade in 2019 and since working as Senior Vice President (Debt Syndication) with Pranjal Corporate Services, an Investment Boutique Firm in Mumbai; Specialized in the domain of Corporate Credit, Stress Asset Management, Risk Management, Branch Management; Played a key role in arranging high value credit requirement of various Listed and Large/Medium Corporates; Guided many Corporate Houses for improvisation in Balance sheet and reduction of funding cost, etc; Headed various large size branches of SBI & gained adequate expertise of Administration and resources management; Diligent in Strategy and planning, Deal Evaluation and Structuring; Expertise in handling Restructuring, OTS and Merger and Acquisitions; Good liaison and network in banking sector.