Visaka Industries Limited announced that the Board of Directors at its meeting held 30 March 2024, approved Appointment of Shri Gusti J Noria as an additional director (Non-Executive Non-independent) effective from April 01, 2024, Appointment of Shri. Sanjay Vijay Singh Jesrani as an Independent Director for a period of five year with effect from April 01, 2024, Appointment of Shri Pravin Chelluri as an Independent Director for a period of five year with effect from April 01, 2024. Brief Profile of Shri Gusti J Noria: Shri.

Gusti J Noria (67 Years), is a Bachelor of Science (BSc) and Master of Arts (MA). He is the Managing Director of M/s. Normak India Private Limited, manufacturers of famous "Estelle" brand artificial jewellery. Shri.

Gusti J Noria holds 2565 Equity Shares of the Company. He is on the Board of: M/s. Normak Fashions Private Limited- Director, Normak India Private Limited ­ Managing Director, Bevnmore Beverages LLP ­ Designated Partner, Visaka Industries Limited - Independent Director, Noria Fashions LLP ­ Designated Partner, Estele fashions LLP ­ Body Corporate DP Nominee, Estele Accessories Private Limited - Director. Brief Profile of Shri Sanjay Vijay Singh Jesrani: Shri.

Sanjay Jesrani (57 years) holds a bachelor's degree in commerce and is a Fellow member of The Institute of Chartered Accountants of India (ICAI) and is the Founder & CEO of Go North Ventures which is a proprietary angel investment firm, focused on investing in & mentoring Startups. He was the CEO and Head of the Global Delivery Center, Hitachi Consulting India and was CFO at Sierra Atlantic, India in which he was a core team member of a $100K to $100M + journey ­ taking the company public on the National & Mumbai Stock exchanges, reverting to private holding, acquiring global companies and finally being acquired by Hitachi Consulting in 2010. He is a TEDx speaker and has covered new perspectives around Startups & Finance for Women and is an active member of the Indian Angel Network, the premier global group of Angel Investors - has investments in startups across the Healthcare, DeepTech, Unmanned Aerial, Sustainability, Impact, Consumer and FinTech sectors.

Shr. Sanjay Jesrani is on the Board of: Zen Technologies Ltd. ­ Independent Director, Unimed Health Care Private Limited ­ Director and Fernandez Innovations Forum - Director. he is a Charter member at TIE, Hyderabad (The Indus Entrepreneurs) and a member of the Executive Council at the IIIT Hyderabad Foundation.

He also serves as a director of Healing Fields Foundation, an India-based, health-focused NGO. Brief Profile of Shri Pravin Chelluri: Shri. Pravin Chelluri (39 years) is a Bachelor of Science in Finance with honors from the American University of Sharjah.

Shri Pravin Chelluri is a corporate finance professional with over a decade and a half of experience, and specialized in driving strategic initiatives and executing complex transactions across diverse sectors. He got vast expertise in mergers and acquisitions (M&A), equity capital markets (ECM), private equity (PE), and strategic advisory, with a track record of successfully managing transactions totaling over USD 20 billion in value. As a Director and Head of Execution and Investments at Aspire Cap in Dubai, UAE, he has played a pivotal role in developing the execution practice, leading to the closure of over USD 190 million in sell-side M&A mandates across healthcare, industrial, metals, and FMCG sectors.

Additionally, he established Aspire Cap's direct investment operations, achieving a remarkable growth of over 90x in a proprietary book in just three years. During his tenure as Manager and Head of Strategy & Planning at Al Qattara Investments in Abu Dhabi, UAE, he crafted the company's strategic vision, including the expansion of affordable housing projects and the growth of the asset base from approximately AED 1 billion to AED 5 billion within five years. As a Director of Direct Investments at SOKOTRA Capital Ltd. in Dubai, UAE, he spearheaded the execution of high-value direct investments and corporate advisory projects worth over USD 2 billion.

Shri. Pravin Chelluri is not on the Board of any other Company.