Colorchips New Media Limited announced that at its Board meeting held on April 22, 2024, On the recommendation of the Nomination and Remuneration Committee, Board has considered and approved, the appointment of Mr. Saurabh Ramdorai as an `Additional Director' in the category of Executive Director of the Company. On the recommendation of the Nomination and Remuneration Committee Board has considered and approved, the appointment of Dr. Srinivas Durga Venugopala Varahagiri as an `Additional Director' in the category of Non-Executive - Independent Director' of the Company. Approved the reconstitution of the following Committees of the Board of Directors with effect from April 22, 2024.

The Audit Committee: Siram RLV N Kishore as Chairman, Srinivasa Sudhish Ramabhotla, Srinivas Durga Venugopala Varahagiri as members. The Nomination & Remuneration Committee: Srinivas Durga Venugopala Varahagiri as Chairman, Vincent Krishnapriya, Siram RLV WN Kishore as members. The Stakeholders Relationship Committee: Siram RLV N Kishore as Chairman, Saurabh Ramdorai, Srinivas Durga Venugopala Varahagiri as members.

Mr. Saurabh Ramdorai, aged 41 years has done his MBA with finance. He was awarded as youngest Entrepreneur in 2008. He worked in Finance and Accounts Departments for 15 years and he established more than 5 Companies.

Mr. Saurabh Ramdorai has high working capacity with strong service attitude and excellent coordination skills. Dr. Srinivas Durga Venugopala Varahagiri, aged 52 years is a Strategic and analytical leader with expertise in financial management, accounting, and operations, driving business growth through data-driven insights, process optimization, and team development, with a proven track record of enhancing profitability, streamlining processes, and building high-performing teams. Qualification: Master of Commerce, MBA with finance, Bachelor of Law, Doctor of Philosophy.