On January 19, 2023, the Board of Lytus Technologies Holdings PTV. Ltd. accepted the resignation of Mr. Jagjit Singh Kohli, a member of the Board, in accordance with India law, from the Board. Mr. Kohli will continue to serve as the Chief Executive Officer of Lytus Technologies Private Limited, the Company's wholly-owned subsidiary.

Mr. Kohli has expressed his inability to act as a director due to personal reasons. Mr. Kohli's resignation was not a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Kohli did not serve as a member of any of the Board's committees.

As permitted by India law, Mr. Kohli's resignation will be effective retroactively as of January 11, 2023.