The Board of Directors of PNB Gilts Limited (the Company), upon the nomination request received from Punjab National Bank ("Parent Bank"), vide its resolution passed by circulation on June 18, 2021 have appointed Sh. Swarup Kumar Saha (DIN: 08963678), Executive Director of Parent Bank, as an Additional Director (Non- Executive category) of the Company with effect from June 18, 2021; and Sh. Vishesh Kumar Srivastava, Non-Executive & Non- Independent Director of the Company, vide his letter dtd. June 19, 2021 informed that his nomination is being withdrawn by the Parent Bank and accordingly he has tendered his resignation from Directorship of the Company. Consequently, he ceases to be director of the Company with effect from June 19, 2021. Swarup Kumar Saha has wide exposure in Human Resource Development, Treasury, International Banking, Credit, Risk Management, Organization Restructuring and Board matters. During his tenure at Head Office of erstwhile Oriental Bank of Commerce, he headed Treasury and International Banking, Human Resource Development Division and Board Division.