The Board of Directors of IL&FS Transportation Networks Limited have appointed Dr. Deepak Kumar Mohanty as a Nominee Director effective November 22, 2022. Mr. Shekhar Prabhudessai (DIN: 08766338) has tendered his resignation as a Director of the Company with effect from November 21, 2022. Dr. Deepak Mohanty is an Economist, with substantive policy experience. He was a Whole Time Member with the Pension Fund Regulatory and Development Authority (PFRDA) overseeing areas of development and regulation of pension funds. He has also served as Executive Director of Reserve Bank of India overseeing areas of enforcement of banking regulation, risk management, internal audit and inspection, financial stability, monetary policy, economic research, and statistics. Prior to that he worked as Senior Adviser in the International Monetary Fund (IMF). Dr. Mohanty has a doctorate and two master's degrees in
Economics.