Angel One Limited announced that at its board meeting held on January 16, 2023, the Board of Directors of the Company has approved appointment of Mr. Kalyan Prasath as an Additional Non-Executive Independent Director on the Board of the Company with immediate effect that is effective January 16, 2023, for a period of five years from the date of appointment. He shall hold office as a Non-Executive Independent Director subject To Approve the shareholders at upcoming General Meeting or postal ballot. However, the effective date of appointment shall be January 16, 2023.

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has approved appointment of Mr. Krishnaswamy Arabadi Sridhar as an Additional Non-Executive Independent Director on the Board of the Company with immediate effect that is effective January 16, 2023, for a period of five years from the date of appointment. He shall hold office as a Non-Executive Independent Director subject To Approve the shareholders at upcoming General Meeting or postal ballot. However, the effective date of appointment shall be January 16, 2023.

Mr. Kalyan Prasath holds a Bachelor of Science in Applied Science from Madurai Kamaraj University. He has completed Diploma in Systems Management from NIIT Hyderabad. Mr. Prasath has completed his Diploma in Business Administration from ICFAI University.

Mr. Prasath has over 35 years of experience in Business Technology across Asia Pacific region with an excellent understanding of various Industries covering Financial Services. He has Delivered significant business benefits through technology-based solutions for improving productivity, costoptimisation and scalability. Mr. Prasath has Deep business domain knowledge Formulating IT Strategy based on business plan, Map pin Technological Solutions to Business needs, Understand and implement regulatory requirements from Technology perspective, IT Security and information security and Data Leakage Prevention, Building and Retention of talents, and IT governance & Risk management.

He has been a member in the committee formed by the Association of Mutual Funds of India (AMFI, representative body of Mutual Funds in India) (2010 - 2013) to plan and implement a self-Service Portal (MF Utility Platform) to help investors and distributors to seamlessly transact online across all Mutual Funds. He has also been in the Technology Committee constituted by AMFI for evaluation of the Product, Vendor and the overall the cost of the above initiative. Mr. Sridhar is a fellow member of the Institute of Chartered Accountant of India and also holds a Bachelor of Science in Physics from Madras University.

He also holds a 'Representative License' issued by Monitory Authority of Singapore (MAS) to conduct Fund Management & Financial Advisory Services in Singapore. Mr. Sridhar is well recognized for his result-oriented management style, domain expertise, professionalism and people Management skills. He has over 37 years of experience in the areas of Finance, Investment Management, Credit & Debt Market, Equity Markets, Project Finance and Business Strategy.

He has held various Board level Positions as Full Time Director/Executive Director of Financial Institutions a Nominee Director of few Manufacturing Companies as well. Mr. Sridhar strong belief in robust system and process have helped him to conceptualize, design and implement various IT system and process automation of investment management activity. He is still active and is regularly being called for discussions/consultations to opine on investment management regulations, development of investment management system and Application software for mutual funds /Insurance Industry.

Mr. Sridhar has been on the Board of various Indian Companies as a Nominee Director of the lending institutions and as Non-Executive Director on the Board of offshore Fund Companies registered in Singapore, Mauritius and Guernsey.