The Board of Directors of Indbank Merchant Banking Services Limited at their meeting held on June 20, 2024, interalia, considered and approved the appointment of Shri Ashutosh Choudhury (DIN: 09245804) as an Additional Director of the Company with immediate effect. Category of appointment is Nominee Director (Nominated by Indian Bank which is the Holding Entity) of the Company. His brief profile is as follows.

Age & Date of Birth: 48 years, September 04, 1975. Educational Qualification is MBA, CAIIB. Occupation & Experience include He has rich banking experience of more than 2 decades and currently, he is one of the Executive Directors of Indian Bank.

Interest in other companies, firms etc., as a Director: Executive Director of Indian Bank. Nominee Director and Non- Executive Chairman of Ind bank Global Support Services Limited.