BSE Limited announced in continuation to intimation dated January 2, 2024, with respect to shareholders approval for appointment of Shri. Jagannath Mukkavilli as Non-Independent Director (Shareholder Director), this is to inform that, SEBI vide its Letter No. SEBI/HO/MRD/RAC2/P/OW/2024/6090/1 dated February 13, 2024, has approved the appointment of Shri Jagannath Mukkavilli as Non-Independent Director (Shareholder Director) in place of Shri T.C. Suseel Kumar on the Board of the Company with effect from February 13, 2024.

Shri Jagannath Mukkavilli is the Managing Director of Life Insurance Corporation of India with effect from March 13, 2023. Joining LIC in the year 1988 as a Direct Recruit Officer, Shri Jagannath brings with him rich experience of over three decades across various functions of the Corporation. Before taking charge of the current assignment, he was the Zonal Manager (In Charge) of South-Central Zone, where he led the Zone's transformation by driving performance on vital metrics.

Under his stewardship, the Zone scripted newer heights in New Business growth by nurturing a performance oriented culture and driving a consumer-centric service model. Earlier, he was Head of Bancassurance for the South-Central Zone and thereafter, the Regional Manager (Marketing) of the same Zone at Hyderabad and Bangalore locations. He also held the helm of Ernakulam, Dharwad and Bangalore-I Divisions in his earlier role as Senior Divisional Manager.

Shri Jagannath's international experience comes from his tenure as Chief Executive Officer and Manager Director of LIC (Lanka) Ltd., Colombo, Sri Lanka between 2009 and 2013. Shri Jagannath is a commerce graduate with CA (Inter) and holds a Post- Graduate Diploma in Marketing, International Post-Graduate Diploma in Life Insurance, General Insurance & Risk Management from the Institute of Insurance and Risk Management (IIRM), Hyderabad. He is an Associate of the Insurance Institute of India, Mumbai.