Satin Creditcare Network Limited announced that, based on the recommendation of Nomination and Remuneration Committee ("NRC") and approval of the Audit Committee, the Board of Directors of the Company in its meeting held August 10, 2023 has appointed Mr. Manoj Agrawal as Deputy Chief Financial Officer (Key Managerial Personnel) of the Company with effect from August 11, 2023. Further the company announced that Mr. Rakesh Sachdeva, Chief Financial Officer of the Company had been associated with the Company for more than two decades serving in various leadership capacities and contributing significantly to Company's growth through his expertise in Finance and Accounting. Since, he is approaching the age of superannuation and has decided to retire on June 30, 2024, the Board is taking proactive steps to ensure a smooth transition of his responsibilities and part of its succession plan for key position.

Post Mr. Sachdeva's retirement on June 30, 2024, Mr. Agrawal will take over as Chief Financial Officer of the Company with effective from July 1, 2024.