Karnavati Finance Limited announced that Mr. Ashish Batavia is appointed as Additional Non- Executive Director and Chairman of the Company with effect from 05th June, 2023. Mr. Ashish Batavia Professional Qualification: - CA, PG in Management from SP Jain Institute of Management and Research. Experience & Specialization: - Finance Professional with more than 11 years of experience in Financial Planning and Analysis, Pricing and Commercial, Business Finance, Credit Management, Internal Audit and Accounts Finalization across various Business units of Bharat Petroleum Corporation limited -- Maharatna Fortune 500 Oil and Gas company.

Played a crucial role in implementation of new pricing mechanism for ATF (Aviation Turbine Fuel) Pricing in Indian Aviation Industry. Mr. Ashish Batavia has been appointed as an Additional Director with effect from 5th June 2023, up to the date of upcoming Annual General Meeting of the Company.