Uttam Sugar Mills Limited announced that shareholders of the company have approved Appointment of Mr. Ravi Kumar as Non- Executive Independent Director of the Company for a term of five years at the AGM held on 23rd September, 2022(Briefprofile enclosed). Brief profile of Mr. Ravi Kumar, Director (Non-Executive Independent) (a) Date of Appointment - 10th August, 2022 (b) Reason for change – Appointment (c) Term of Appointment- Mr. Ravi Kumar has been appointed by the shareholders of the company for a period of 5 years commencing from 10th August, 2022 to 09th August, 2027. Ravi will be paid remuneration pursuant to Shareholder approval given by the members of the company in the 26th Annual General Meeting of the Company.

(d) Brief Profile - Mr. Ravi Kumar, a seasoned banker with 30+ years of experience across Corporate Banking, project finance, credit delivery, Credit Monitoring, risk assessment & risk mitigation, stress asset management. Ravi was part of the top management of IDB! Bank Ltd. till April 2021 and was managing portfolio of large/mid corporate group.

The role included leading, strategizing, directing, controlling, monitoring and overseeing all facets of the large corporate portfolio of the Bank. During his long stint with IDBI, he has worked in various leadership positions with IDB! and handled relationships of various large groups, sectors and industries.

(e) Relationships between Director inter-se - Mr. Ravi Kumar is not related to any other Directors of the Company.