Poonawalla Fincorp : Appointment

27 January, 2022
BSE Limited	National Stock Exchange of India Limited
Corporate Relationship Department	The Listing Department,
25th Floor, Phiroze Jeejeebhoy Towers,	Exchange Plaza,
Dalal Street, Fort,	Bandra- Kurla Complex, Bandra (East),
Mumbai - 400 001.	Mumbai - 400 051.
BSE Scrip Code: 524000	NSE Symbol: POONAWALLA

Reference: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations').

Subject: Intimation of appointment of Mr. Atul Kumar Gupta (DIN: 01052730) as Additional Director in the capacity of Non-ExecutiveNon-Independent Director.

Dear Sir / Madam,

We wish to inform you that on the basis of recommendation of the Nomination and Remuneration Committee, the Board of Directors through resolution passed by circulation on 27 January 2022, have approved the appointment of Mr. Atul Kumar Gupta (DIN: 01052730) as Additional Director in the capacity of Non-IndependentNon-Executive Director of the Company with effect from 27 January 2022 on the Board of the Company.

We are further pleased to inform you that the induction of Mr. Atul Kumar Gupta, will further strengthen the Board of the Company, as the director bring with him expertise and managerial insights, which would immensely benefit the Company.

The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 is given in the enclosed annexure.

You are requested to kindly take a note of the same.

Thanking you,

Yours faithfully,

For Poonawalla Fincorp Limited

(Formerly, Magma Fincorp Limited)

Shabnum Zaman

Company Secretary

ACS-13918

Annexure

Appointment of Mr. Atul Kumar Gupta (DIN: 01052730), as Additional Director on the Board of the Company

Sr	Details of event that	Information of such event
No.	needs to be provided
1	Reason for change viz.	Mr. Atul Kumar Gupta have been appointed as Additional
	appointment,	Director in the capacity of Non-ExecutiveNon-Independent
	resignation, removal,	Director on the Board of the Company.
	death or otherwise;
2	Date of	27 January 2022
	appointment/cessation	The office of Mr. Atul Kumar Gupta shall be liable to retirement
	(as applicable) Term of	by rotation and is appointed Non-ExecutiveNon-Independent
	appointment;	Director subject to the approval of shareholders.
3	Disclosure of	Mr. Atul Kumar Gupta is not related inter-se to any Director of
	relationships between	the Company.
	directors (in case of
	appointment of a
	director);
4	Information as required	Mr. Atul Kumar Gupta is not debarred from holding the office of
	pursuant to BSE Circular	Director by virtue of any SEBI Order or any other such authority.
	with ref. no. LIST/
	COMP/ 14/ 2018-19 and
	the National Stock
	Exchange of India Ltd
	with ref. no. NSE/ CML/
	2018/ 24, both dated
	20th June, 2018.
5	Brief profile (in case of	Mr. Atul Kumar Gupta (48 years), commerce and a law graduate
	appointment);	and a Chartered Accountant.
		Acquired the position of President of The Institute of Chartered
		Accountants of India for the year 2020-21.
		Mr. Atul Kumar Gupta had served the Accountancy Profession
		for more than two decades and was widely respected for his
		strong organisational skills and deep insight in the affairs of
		profession. He served as Chairman of Digital Accounting and
		Assurance Board, Board of Studies, IT Committee and Indirect
		Taxes Committee of the ICAI. Under his stewardship at Board of
		Studies, the New Scheme of Education and Training of ICAI was
		benchmarked with the revised International Education
		Standards and was launched in 2017.

With deep interest in the research, Mr. Atul Kumar Gupta was credited for the project of preparation of accrual based financial statements of the Indian Railways (third largest Railway of world) under the ambit of Accounting Research Foundation. He had also been Chairman of ICAI Accounting Research Foundation and Extensible Business Reporting Language (XBRL) India. He had also been Director of the Governing Board of Indian Institute of Insolvency Professionals and Registered Valuers Organisation.

With his diverse and deep knowledge, he had served in various governmental bodies in past. He had been first Chairman of the Accounting and Finance Services Sectional Committee constituted by the Bureau of Indian Standards.

Mr. Atul Kumar Gupta had also been member of Government Accounting Standards Advisory Board (GASAB), Insurance Regulatory & Development Authority (IRDA), SEBI's Primary Market Advisory Committee.

On International front, he was the Council Member of International Federation of Accountants (IFAC), XBRL International. He, earlier, had been the Chairman of Committee on Education, Training & CPD of SAFA. Being thoroughly conversant with the professional concerns and demands of his times, Mr. Gupta had authored many relevant books and had published numerous articles in leading newspapers, magazines and professional newsletters.