SIS Limited announced appointment of Mr. U.K. Sinha as an additional director (independent) on the board of the company with effect from June 29, 2022, based on the recommendation of the nomination and remuneration committee to hold office upto the upcoming annual general meeting of the company. The company hereby affirm that Mr. U. K. Sinha is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. Mr. U.K.Sinha served as the chairman of securities and exchange board of India (SEBI) for a period over six years between 2011 and 2017. During his stewardship, SEBI was credited with having brought in significant regulatory amendments in areas such as takeover code, foreign portfolio investors, alternate investment funds, REITIs, InVITs., Corporate Governance etc. Prior to this, Mr. U.K.Sinha was the chairman and managing director at UTI Asset Management Company Pvt Ltd. from 2005 until February 2011. Preceding this, he was the joint secretary in department of
economic affairs at ministry of finance looking after banking division and capital markets divisions. Sinha currently serves on the board of Vedanta Limited, Havells India Limited, Housing Development Finance Corporation Limited, Aavishkaar Venture Management Services Private Limited, and Cube Highways Fund Advisors Private Limited. Besides the above, Mr. U.K.Sinha was responsible for drafting the SEBI (Amendment) Act, 2002, UTI (Repeal) Act, 2002, Securities Law Amendment Bills 2004 and 2014 and the PFRDA Bill 2005 and has held various important portfolios as enumerated below: director of UTI Ventures, IFCI Ltd, Central Bank of India, SIDBI, Bank of Baroda and Pension Funds Regulatory & Development Authority. Chairman of Association of Mutual Funds in India. Chairman Asia Pacific Regional Committee of the International Organisation of Securities Commissions IOSCO Chaired the following important committees.