Patels Airtemp (India) Limited at its meeting held on 12th August, 2023, appointed Mr. Naimish B. Patel as an Additional Director and Independent Director on the Board of the Company, with effect from 12th August, 2023 and he will hold office as such up to the date of upcoming 31st Annual General Meeting of the Company to be held on September 23, 2023, for a first term of five years from 12th August 2023 up to 11th August 2028 who meets the criteria for independence as provided in Section 1a9(6) of the Act and the rules made thereunder and Regulation 16(1)(b) of SEBI Listing Regulations and who has submitted a declaration to that effect, subject to the approval of the Shareholders by passing Special Resolution at the ensuing 3lst Annual General Meeting to be held on 23'd Septembe4, 2023. Mr. Naimish B. Patel has been appointed as an Independent Director of the Company in place of Mr. Himanshu N. Rawal, who will cease to be a Director, being Independent Director, of the Company with effect from September 23, 2023, being the date of upcoming 31st Annual General Meeting of the Company upon completion of his 2nd term as Independent Director. Mr. Naimishbhai B. Patel, aged about 63 years, is having Bachelors Degree in Mechanical Engineering from L.D. Engineering College, Gujarat University, India.

He is having IT Skill in MS Office - Forth Shift - the ERP system. He is an incisive Professional with over 35 years of experience in procurement /supply chain management and project implementation functions, inventory management, Managing factory operations. Proven ability to recruit and manage staff & development.

Set and monitoring operating budget. Result oriented communication with internal & clients, supplier development, execute & manage operations to ensure corporate goals are achieved. His Skill Summary includes Supply Chain Management, Procurement/Global sourcing Vendor Development, Inventory management, New Product Development, Logistic, Cost Improvement Management, Total Quality implementation, HSE implementation, SOX implementation, Team building and leadership, factory and Operations management.

He is presently providing professional consultancy, expert services to various small and medium scale industries in discipline to establish Operational Excellence in Factory Business Development, New Products and clients development. From 2008 to 20LS associated with M/s Emerson Measurement solution India (USA - MNC company) as a Operation manager - India Profit Centre From April 2007 to October 2008, worked with Dresser Rand, Ahmedabad, India as "Focus Factory Manager". Since April 2000, working with Dresser Rand, Ahmedabad, India as Head - Procurement.

From November 1985 to March 2000 he worked with one of the leading US based MNC - Air Compressors manufacturing Company Ingersoll-Rand India Limited as Purchase Engineer to Manager Procurement. It is a NY headquartered company, is a leading manufacturing of multi Products precision engineering Air compressor Drilling Rigs, Aviation support, read construction equipment manufacturing company.