Board of Directors of Raymed Labs Limited in their meeting held on 08 August, 2022, have approved and passed the resolution for the appointment of Mr. Ajai Goyal as the Chief Financial Officer of the Company with effect from 8 August, 2022. Mr. Ajai Goyal, aged 67 years, is postgraduate having 40 years of working experience in area of research and management of the Company. Terms of Appointment: Remuneration shall be payable to him as mutually agreed.

He will be entitled to leave and benefits as applicable from time to time. He will observe such hours of work and holidays as notified by the management from time to time. Disclosure of relationship with other Directors: Mr. Ajai Goyal is husband of Mrs. Nisha Goyal who is Director of the Company.