The board of directors of IEL Limited at its meeting held on July 8, 2024, have considered and approved that Mr. Hemant Harshadkumar Kayastha vide his Resignation Letter dated July 8, 2024 has resigned from the office of Chief Financial Officer with effect from closing business hours of July 8, 2024 to pursue better career opportunities and the Board has noted and relieved him from responsibilities of his position. Based on the recommendation of the Audit Committee and the Nomination and Remuneration Committee, the Board of Directors had appointed Mr. Arpit Singh as Chief Financial Officer of the Company with effect from July 8, 2024. Mr. Arpit Singh shall also be designated as the Whole-Time Key Managerial Personnel of the Company under the Companies Act 2013 and SEBI (LODR) Regulations, 2015.

Mr. Arpit Singh is not disqualified from being appointed as a Chief Financial Officer in terms of the Companies Act 2013 and SEBI Listing Regulations and has given his consent to act as a Chief Financial Officer. Mr. Arpit Singh (DIN - 10645601) holds a degree of Bachelor of Technology (Civil engineering).