The Board of Directors of First Fintec Limited met on 10th Feb. 2022, considered and appointed Dr. S.V. Sitaram as the Chief Operating Officer of First Fintec Limited. Dr. Sitaram's appointment comes into effect from 2nd April 2022.

Dr. S.V. Sitaram has 25 years of experience in various capacities in banking and financial services industry. Considering the thrust given by the company for a turn around in the Fiscal Year 2022-23, the company and directors are of the opinion that appointment of a CEO and COO is necessary for its Fintech Operations. Hence, the appointment of Dr. S.V. Sitaram as Chief Executive Officer and Chief Operating Officer.

His total CTC will be as determined and approved by the respective Corporate Governance Committees of the Company. The Board of Directors expressed their happiness over the appointment of Dr. Sitaram as the company now will have a dedicated CEO and COO for fintech operations with domain knowledge and expertise who can steer the company towards an expected turnaround in Fiscal Year 2022-23.