SG Finserve Limited informed that the Board of Directors of the Company, at its meeting held on January 25, 2023, has, transacted the following businesses: Approved appointment of Mr. Dukhabandhu Rath (DIN: 08965826) as an Additional Director (Non-Executive, Independent), on the recommendation of Nomination and Remuneration Committee of the Board for a term of 3 years effective from January 25, 2023, subject To Approve the Members. He is not debarred from holding the office of director by virtue of any order of SEBI or any other authority. He is a Senior Top Executive Banker with almost 4 decades of meritorious service in the Indian Banking Industry out of which he had served 36 years in SBI.

He joined State Bank of India (SBI) in 1984 as a Probationary Officer (Scale I). Earlier, he served in two other Public Sector Banks. As a business leader and results-driven professional, he has successfully performed a wide variety of roles and assignments.