Satchmo Holdings Limited informed that the Board of Directors of the Company at their meeting held on 16th April, 2024 upon recommendation of the Nomination and Remuneration Committee of the Company has approved the appointment of Mr. Ramesh Karur Raghavendran (DIN: 03572425) as an Additional Whole Time Executive Director - Finance on Board of the Company with effect from 16th April 2024 for a period of 5 Years, who shall hold office up to the date of the upcoming Annual General Meeting of the Company and that he shall be liable to retire by rotation. Mr. Ramesh Karur Raghavendran (DIN: 03572425) has also been appointed as Additional Director on Board of the wholly owned Subsidiaries of the Company. Terms - Additional Director (Executive Whole-time) subject to regularisation by the shareholders of the Company at the upcoming Annual General Meeting of the Company or within 3 months (whichever is earlier).

Liable to retire by rotation. Mr. Ramesh Karur Raghavendran holds a Bachelor degree in Commerce and is a Fellow member of Institute of Chartered Accountants of India and a Fellow Member of Institute of Cost and Works Accountants of India, presently ICMAI. Mr. Ramesh Karur Raghavendran has nearly 32 years of post- qualification experience in various fields and has worked as Chief Financial Officer and Executive Director for 11 years in a multi-national manufacturing construction Company and 3 years at a Service Industry Company.

He has also worked for Ernst & Young including 11 years in audit assignments in their Middle East and Bangalore Offices. During his tenure he has handled a wide range of clients of manufacturing, trading, Banking and Insurance sectors.