Cambridge Technology Enterprises Limited announced that on recommendation of the Nomination and Remuneration Committee, the Board of Directors at their meeting held September 01, 2022, approved appointment of Mr. Amudala Sreeramulu Nageswar Rao as an Additional Director (Non ­ Executive & Independent) of the Company with effect from September 05, 2022. Term of Appointment Additional Director (Non ­ Executive & Independent): Up to the conclusion of the upcoming Annual General Meeting to be held on September 29, 2022 Independent Director: For a period up to five consecutive years subject to approval of members of the Company at the upcoming Annual General Meeting to be held on September 29, 2022. Brief Profile Mr. Amudala Sreeramulu Nageswar Rao has over 30 years' experience in the Banking & Finance area i.e., Credit/Forex/Risk Management Operations (Banking), Business and Financial Planning & Analytics, structure corporate finance, Overseeing budgeting, budget implementations.

He has an expert knowledge in overall analysing Business with Strategic Planning, Budgeting and Compliance across the tenure and extensive experience in conceptualizing and implementing Management Accounting function with internal controls. He also serves as an Independent Director in six companies. Mr. Rao is currently working as Company Secretary and General Manager (Accounts) in Gloster Cables Limited, a manufacturing company and previously served as Company Secretary in a BSE listed company.

Amudala also worked as CFO in a company engaged in manufacturing, practiced as Company Secretary and consultant. Amudala also served as former Assistant General Manager with scheduled commercial bank with exposure to areas.