The board of directors of Fraser and Company Limited meeting held on December 26, 2022, approved the appointment of appoint Mr. Vinod Gopaldas Gulrajani as an Additional Director (Non- Executive & Independent) on the Board of the Company, with effect from December 26, 2022 to hold office till the conclusion of the next Annual General Meeting and subject to the approval of the members in the upcoming General Meeting, for appointment as an Independent Director to hold office for a term upto 5 consecutive years from the date of upcoming general meeting. Mr. Vinod Gopaldas Gulrajani is possessing requisite qualification and skills for the said post. He has rich and varied Business Experience of 30 years.