Graviss Hospitality Limited at its board of directors meeting held on February 14, 2024, approved the appointment of Mr. Gaurav Ghai as an Additional Director (Executive Non Independent) of the Company. Date of appointment: February 14, 2024. Term of appointment: Effective from February 14, 2024 and shall hold office upto the upcoming Annual General Meeting of the Company.

The third generation entrepreneur of the Ghai family, Mr. Gaurav Ghai started his first business venture while still a student at the Sydenham College of Commerce and Economics. After taking charge of the family business in 1999, he has successfully expanded the Group's operations pan India, the SAARC region and across the Middle East. His vision of creating a professionally managed global conglomerate with traditional values of the 70-year-old family business led to the group being rebranded as the Graviss Group in 2001.

Under his leadership, the Graviss group has expanded the Baskin Robbins franchise across India and SAARC region, the Group's International foods, dairy and ice cream business is now sold in 11 countries across the Middle East Region, and are soon to be launched in the UK and EU markets. He conceptualized many firsts: Mayfair Rooms, Mumbai's first stand- alone banquet rooms to offer 5-star facilities, Mumbai's first 5-star luxury boutique hotel, India's first internationally acclaimed terrace bar, the Dome, in 2002. Under his leadership, the Group continues its expansion in the hospitality business, through the development and management of real estate and luxury condos across India.