SVC Industries Limited announced that at its 167th meeting of the Board of Directors of the Company held on November 11, 2022, The Board considered and approved the following: Resignation of Mr. Sanjay Agrawal as Chief Financial Officer and Manager with immediate effect. Appointment of Mr. Manoj Patel as Chief Financial Officer and Manager with immediate effect. Mr. Manoj Patel holds the degree of Bachelor of Commerce.

Mr. Manoj Patel is skilled in finance, Accounting, and Investment for over 25 years. He worked closely with cross- functional teams to reverse a downward trend in past-due account collections with better-automated outreach. Skills held by Mr. Manoj Patel, 1. Hard skills: Developing financial strategies, creating budgets, and strategy planning.

2. Soft skills: Interpersonal skills, leadership, communication, and problem-solving. He knows how to manage a team and come out with maximum outcomes.