Fraser and Company Limited at its board meeting held on December 28, 2022, approved the appointment of Ms. Yogeeta Rajkumar Shivhare and Mr. Kaustubh Ravindra Shetye as Additional Director/s of the Company to hold office with effect from 28th December 2022 and shall hold office upto the date of the upcoming Annual General Meeting of the Company. The appointment of Mr. Durgaprasad Dattaram Prabhu and Mr. Rajkumar Raj Purohit as Additional Director/s (Non-Executive & Independent) on the Board of the Company effective from December 28, 2022 to hold office till the conclusion of the next Annual General Meeting and subject to the approval of the members in the upcoming General Meeting, for appointment as an Independent Director to hold office for a term upto 5 consecutive years from the date of upcoming general meeting. Ms. Yogeeta Rajkumar Shivhare is possessing requisite qualification and skills for the said post.

She has rich and varied Business Experience of 15 years. Mr. Kaustubh Ravindra Shetye is possessing requisite qualification and skills for the said post. He has rich and varied Business Experience of 10 years.

Mr. Durgaprasad Dattaram Prabhu is possessing requisite qualification and skills for the said post. He has rich and varied Business Experience of 25 years. Mr. Rajkumar Raj Purohit is possessing requisite qualification and skills for the said post.

He has rich and varied Business Experience of 20 years.