Sify Technologies Limited announced that on November 2, 2022, the Board of Directors of the Company took notice of the cessation as a director of the Company of Mr. Ananda Raju Vegesna. The cessation, which was effective at the close of business on October 28, 2022, was pursuant to the provisions of Section 167(1)(b) of the Companies Act, 2013. Section 167(1)(b) of the Indian Companies Act, 2013 provides that if a director of a company is absent from all the meetings of the board of directors held during a period of 12 months with or without seeking leave of absence, that director's office as a director shall become vacant.

Mr. M P Vijay Kumar has been serving the Company as the Chief Financial Officer effective October 2007. Based on the recommendation of Nomination and Remuneration Committee, the Board appointed him as a Whole-Time Director (Additional) of the Company as per section 196 (2) of the Indian Companies Act, 2013. As per Section 161(1) of the Indian Companies act, 2013 read with Companies (Appointment and Qualification of Directors) Rules, 2014 and Clause 50 of the Articles of Association of the Company, an Additional Director shall hold office upto the date of the next Annual General Meeting of the Company.

He shall continue to function as Key Managerial Personnel (CFO) of the Company as per the provisions of the Indian Companies Act, 2013. He will be designated as Executive Director and Group Chief Financial Officer effective November 14, 2022. The above appointment as the Whole Time Director shall be for a period of Five years effective November 14, 2022 subject to the approval of the Shareholders at the next General Meeting of the Company.