The Board of Directors of Tata Steel Limited at its meeting held on August 12, 2021, announced that the Board unanimously approved the appointment of Mrs. Farida Khambata (DIN: 06954123) as Additional Director (Non-Executive, Independent) with effect from August 12, 2021, subject to shareholders' approval. Mrs. Farida Khambata has also been appointed as a member of the Audit Committee and Risk Management Committee effective August 12, 2021. Mrs. Farida Khambata is a Co-Founder of Cartica. Prior to co-founding Cartica, Mrs. Khambata was a member of IFC's Management Group. In her last position at IFC she served as the Regional Vice President in charge of operations in East Asia and the Pacific, South Asia, Latin America and the Caribbean. She was responsible for strategy, investment operations and advisory services in IFC's member countries in these regions. She also oversaw IFC's equity investments globally. Prior to that, Mrs. Khambata was Vice President for Portfolio and Risk Management where she had responsibility for the Corporation's portfolio (approximately $14 billion) and risk management operations, as well as for information technology, controls, budgeting, trust funds and back office operations. Previously she was the Treasurer of IFC and coined the term Frontier Markets. Mrs. Khambata earned her MA in Economics from the University of Cambridge and her MS in Business Management from the London Business School. She serves on the boards of directors of Kotak Mahindra Bank in India and Dragon Capital in Vietnam.