Purshottam Investofin Limited at its board meeting held on June 25, 2022, approved the appointment of Mr. Parmit Kumar as additional Independent Director of the company, effective from June 25, 2022, for a period of 5 years sub to approval of shareholders in the upcoming AGM. The company also approved the resignation of Mr. Rajendra Prasad Chauhan as Independent Director and committee positions. The Board considered and accepted the resignation on June 25, 2022.

Mr. Rajendra Prasad Chauhan resigned due to non- clearance of the online proficiency self-assessment test. Mr. Parmit Kumar is a SCA graduate, from IGNOU in the year 2003. He has vast and rich experience in the relevant field of technology, management and interpersonal skills.

Reconstitution of Audit Committee: The Board has reconstituted the audit committee and the new composition of the audit committee as: Mrs. Mohita Patree - Independent - Chairperson; Mr. Nitin Kumar Patni - Independent - Member; Mr. Parmit Kumar - Independent - Member; Mr. Sahib Singh Gusain - Non independent - Member. The Board has reconstituted the Nomination and Remuneration committee and the new composition of the Nomination and Remuneration committee committee as: Mrs. Mohita Patree - Independent - Chairperson; Mr. Nitin Kumar Patni - Independent - Member; Mr. Parmit Kumar - Independent - Member.