The board of directors of Indo National Limited at their meeting held on May 23, 2018 have taken into record /given their consent for the following changes in Key Managerial Personnel in the company: Mr. M. Sankara Reddy, Chief Financial Officer of the company is due to retire from the closing hours of June 30,2018 after a long distinguished career, spanning about 36 years in the company. His retirement has been taken on record by the Board of Directors; appointment of Mr. M. Subramanyam as Chief Financial Officer of the company: pursuant to approval by the Audit Committee and recommendation by the Nomination and Remuneration Committee, (presently holding the position in the company as President), a qualified Chartered Accountant, having more than 27 years' of experience in the areas of corporate finance, strategy - conceptualizing, implementing and project implementation, Mr. M. Subramanyam has been appointed as the Chief Financial Officer and KMP of the company with effect from July 1, 2018. The term of appointment is as per the service conditions applicable to the employees of the company.

Subramanyam worked as Chief Executive Officer of viswambhara Power Pvt.Ltd.