Moongipa Securities Limited announced that at the board meeting held on July 25, 2022, the company approved the appointment of Mr. Rahul Gupta (DIN: 07151792), as an Additional Director (Non-Executive, Non- Independent) of the Company. Mr. Rohan Gupta, as an Additional Director (Non-Executive, Non- Independent) of the Company. Resignation of Ms. Ruchi Jain, Whole time Director with effect from July 25, 2022.

Resignation of Mr. Ajay Prakash Narain, Independent Director with effect from July 25, 2022 on account of reasons mentioned in attached (Annexure B) resignation letter. Shri Rahul Gupta has completed B.Com. (Hons.) from Delhi University.

He has also completed executive courses in the field of Management from reputed B-Schools like London School of Economics and Indian Institute of Management, Ahmedabad (IIMA). He is a promising entrepreneur with an experience of around 6 years in steel tubes manufacturing business and has handled operational management, marketing and institutional sales. He is the recipient of 'Young Achiever Award' for Organization Building at Global HR Summit 2017.

Mr. Rohan Gupta is young and dynamic entrepreneur, aged 23 years has done BBA. He is having around 2 years of experience in Marketing and Branding.