The Board of Directors of Nila Spaces Limited held on August 21, 2023 at the registered office whereat the Board has considered and approved Appointment of Mr. Amit Chokshi (DIN: 10283515) as the Non-Executive Independent Director for a term of 5 years with effect from August 21, 2023. Mr. Amit Chokshi started his professional career working as Executive with Gujarat Steel Tubes Ltd. (GST), Ahmedabad, in company's Finance Department. He then worked with GST for around 7 years, from December, 1981 to November, 1987.

Mr. Amit Chokshi joined GRUH Finance Limited (a subsidiary of HDFC Ltd. - a company popularly known as `GRUH"), Ahmedabad. GRUH was an excellent niche-player providing finance into rural & semi-urban areas and it operated on Pan-India basis. He handled retail operations of GRUH of different states, such as, Gujarat, MP, Chhatisgarh & Rajasthan.

The Retail Operations encompassed varied functions such as Strategic Business Planning, Marketing, Credit Evaluation of eligible Home-loan customer, Legal & Technical Evaluation of properties under finance, Post-disbursal Servicing & handling of Collections. He handled work of Project Finance & Legal, as General Manager at GRUH. Mr. Amit Chokshi was also involved in tying-up for project finance with the leading developers, carrying out due diligence of potential project-developers & project under finance.

GRUH operated its work of project financing on a PAN-India basis and all the processes (due diligence, sanction, disbursement, collection etc, was centralized at company's Ahmedabad Head Office, under him. His long professional association with GRUH with GRUH from Nov-1987 to June-2019 and working of more than 32-years into real estate field, enriched me with an excellent insight of working of real-estate & financing work . Post merger of GRUH Finance into Bandhan Bank, he worked as a professional Consultant (Project Finance & Legal), for 3.5 years period (July, 20219 to December, 2022).