Insilco Limited announced the Board of Directors have considered and approved through Resolution by Circulation on 21 March 2024 the appointment of Ms. Sonia Prashar as Chairperson of the Board with effect from 1 April 2024 in pursuant to Article 99 of the Articles of Association of the Company. The tenure of second term of Mr. Dara P Mehta, Non-Executive Independent Director and Chairman of the Company, will cease on March 31, 2024. As per Section 149(11) of the Companies Act 2013, no Independent Director shall hold office for more than two consecutive terms. In view of the above, the Board of Directors considered and appointed Ms. Sonia Prashar as a Chairperson of the Board pursuant to Article 99 of the Articles of Association of the Company.

Ms. Sonia Prashar is Graduate in Science and Education from Delhi University. Also graduate in German Language from Goethe Institute and holder of MBA Essentials Certificate from LSE (London School of Economics and Political Science). Ms. Prashar has more than 27 years of rich and versatile experience representing the Indo-German Chamber of Commerce at various national and international events.

She plays a key role in promoting collaborations and constructive communication between Indian and German Companies. Developing effective partnership and successful networking channels for the access, sharing and dissemination of information with leading Indian and German Industry Associations as also Government Bodies. She is currently holding the position of Deputy Director General of Indo-German Chamber of Commerce.