Infra Industries Limited announced that with reference to the intimation dated 6th May, 2023 regarding the approval of resolution plan by the Hon'ble National Company Law Tribunal the company further intimated that incompliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligation s and Disclosure Requirements) Regulations, 2015, the outcome of the 1st meeting of Monitoring Committee (MC) of the company held on April 13, 2023 is as follows: Approval for formation of new Board of Directors nominated by the Resolution Applicant consisting of Mr. Gaurishankar Jhalani, Mr. Manish B Jain and Mr. Avesh Dhelawat as Director. Gaurishankar Jhalani is Chartered Accountant with 28 years of experience in Financial Consultancy, corporate insurance and project finance. Manish Jain is Qualified Chartered Accountant with 20 years of hands on experience in Real Estate/Construction Finance, Project Finance, Placement of Structured Products.

Avesh Dhelawat is Qualified MBA with more than 16 years of experience in various debt market domains and have hands on experience in fund mobilization through Non-Convertible Debentures, Term Loans and Commercial Papers.