The Board of Directors of Shriram City Union Finance Limited at their meeting held on June 29, 2019, approved Sri Duruvasan Ramachandra has resigned as Managing Director and Chief Executive Officer and Key Managerial Personnel with the closing hours of June 30, 2019 to pursue other activities in different companies actively and due to time constraints, which the Board has noted, accepted and taken on record; appointed Sri Y S Chakravarti (DIN - 00052308) as the Managing Director and Chief Executive Officer and Key Managerial Personnel of the Company for a term of 5 years with effect from July I, 2019 and as an additional director with effect from July I, 2019 in the capacity of Executive and Non Independent. Y.S. Chakravarti joined Shriram City Union Finance Ltd. in the year 2008 as Executive Director, initially as Business Head for financing purchase of Two Wheelers in the State of Andhra Pradesh. The company appointed Sri Duruvasan Ramachandra (DIN - 00223052) as an additional director with effect from July I, 2019 in the capacity of Non Executive and Non Independent Director liable to retire by rotation.

Sri Duruvasan a Commerce Graduate, has been serving the Shriram Group for more than 3 decades.