The Board of Directors of STEL Holdings Limited through circular resolutions has approved and passed the following: Took note of the Resignation of Mrs. Suhana Murshed (DIN: 08572394) from the position of Non-Executive-Independent Women Director from the Board and other Committees with effect from August 22,2023, which was intimated to stock exchanges on the same day. Appointment of Ms. Iram Hassan (DIN:10183873) as an Additional Cum Independent Women Director of the Company for a period of five years commencing from August 25,2023 subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting of the Company. Approval of the Reconstitution of Audit Committee of the Company with effect from August 25,2023 as under: Mr. Umang Kanoria, Non Executive Independent Director- Chairman, Mr. Alok Kalani, Non Executive Non Independent Director - Member, Mr. H C Dalal, Non Executive Independent Director- Member, Mr. Prem Kapil, Non Executive Independent Director- Member, Mr. Abraham Ittyipe, Executive Director - Member, Ms. Iram Hassan, Additional-Independent Director- Member.

Approval of the Re-constitution of the Stakeholders Relationship Committee of the Company w.e.f August 25,2023 as under: Mr. Alok Kalani, Non Executive Non Independent Director - Chairman, Mr. Umang Kanoria, Non Executive Independent Director- Member, Mr. Abraham Ittyipe, Executive Director - Member, Ms. Iram Hassan, Additional-Independent Director- Member, Ms. Iram Hassan aged 37 years is a principal associate at Fox & Mandal, a premier multi- disciplinary law firm in Kolkata established in 1896. She joined the Firm in the year 2016 after having obtained 5 years prior experience in the field of dispute resolution. Having completed her graduation from Law College Dehradun in 2011, Iram started her practice in litigation.

Prior to joining the Firm, Iram has worked in law firms in Kolkata and in Delhi, having rich litigation experience by appearing in the Supreme Court of India, High Courts of Delhi and Kolkata, various Tribunals, quasi-judicial authorities, and arbitrations. She has handled ligation matters arising out of a wide variety of laws, including admiralty laws, arbitration, contracts, company law, constitution laws,environment laws, land laws, insolvency laws, intellectual property laws, personal and succession laws. Iram also has experience in criminal law, including those related to cheating, criminal breach of trust, and assault.

In Fox & Mandal, Iram is a part of the litigation team and specialises in Private Client Practice, Insolvency & Bankruptcy Laws and Corporate Restructuring. She also handles alternate dispute resolution matters.