Pursuant to the Regulation 30 and 51 read with Para A of Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), Steel Exchange India Limited informed that the board of directors (Board) of Steel Exchange India Limited (Company), based on recommendation of Nomination and Remuneration Committee, approved the appointment of Mr. Veera Brahma Rao Arekapudi DIN: 07540040) Additional Non-Executive Independent Director of the Company with effect from 14th February, 2023, Subject to the approval of Shareholder. Approved the Resignation of Dr. Emandi Sankara Rao (DIN: 05184747) as Non-Executive Independent Director of the company with effect from 14th February, 2023. Educational Qualifications: M.Com from Andhra University ­ 1978; Masters in Financial Management (MFM) from Jamnalal Bajaj Institute of Management Studies- JBIMS ­ University of Mumbai ­ 2004; Post Graduate Diploma in SECURITIES LAW from Government Law College, Mumbai - 2017; Post Graduate Diploma In ALTERNATE DISPUTE RESOLUTION ­ (ADR) from NALSAR, Hyderabad ­ 2022.

Professional Qualifications: CAIIB (Certified Associate of Indian Institute of Bankers); Certificate Exam in Rural Banking from Indian Institute of Bankers; Qualified INSOLVENCY PROFESSIONAL by Insolvency and Bankruptcy Board of India (IBBI).