The Board of Directors of SG Finserve Limited at its meeting held October 18, 2023, approved the following appointments: Appointment of Mr. Arvind Mohan Vatsa as the Chief Compliance Officer with effect from October 19, 2023, as per the requirements of RBI Circular No. Ref.No.DoS.CO.PPG./SEC.01/11.01.005/2022-23 dated April 11, 2022, based on the recommendations of the Nomination and Remuneration Committee. Redesignation of Mr. Abhishek Mahajan from Head-Credit & Risk to Chief Risk Officer with effect from October 19, 2023, as per the requirements of RBI Circular No.

RBI/2018-19/184 DNBR (PD) CC. No. 099/03.10.

001/2018-19 dated May 16, 2019 and the applicable provisions of Listing Regulations, based on the recommendations of the Nomination and Remuneration Committee and the Risk Management Committee. Appointment of Mr. Arvind Mohan Vatsa as the Chief Compliance Officer of the Company for a period of 1 (One) year with effect from October 19, 2023 Mr. Arvind Mohan Vatsa is a Commerce Graduate from Delhi University (PG DAV College) and did his post-graduation (M. Com-Business Administration) from University of Rajasthan in the year 1987. He has worked with a multiple Banks, NBFCs & other financial Institutions.

During his 36+ years of professional career, he has been involved in Companies' RBI related Matters, RBI compliances, KYC, AML & Internal reporting by Banks & NBFCs. He started his carrier as Manager in ANZ Grindlays Bank Ltd. Afterwards, he worked with Standard Chartered Bank and GE Capital Services India. He served as a Vice-President-Credit Administration Department in Kotak Mahindra Bank Limited.

Lastly, he was associated with the Barclays investments & Loans (India) Pvt. Ltd. Redesignation of Mr. Abhishek Mahajan as the Chief Risk Officer of the Company (Earlier he was appointed as (Head-Credit & Risk) Date of Appointment: w.e.f October 19, 2023. Seasoned Chartered Accountant (Nov'2000 Batch) with -2 decades of rich experience in Corporate Banking Segment across varied industries and had earlier worked for Industrial Development Bank of India (FI), ICICI Bank Limited and Kotak Mahindra Bank Ltd. Possess comprehensive credit underwriting experience covering various divisions - Small & medium enterprises, Mid-Market, PSUs and Large Corporate.

Skilled in Credit Risk Management, Corporate Finance, Structured Deals, Team Coordination, Compliance and Portfolio Review. Had managed a portfolio of INR 40000 million with sanctioned limits of INR 60000 million comprising corporates from varied industries viz. Iron & Steel, Textile, Auto Ancillaries, Hotels, Education, Pharmaceuticals, Real Estate, EPC Players, Traders, etc.