Morarka Finance Limited announced that at its board meeting held on July 16, 2024, the following decisions were taken: Induction of following members of the Board of Directors of the Company in Audit Committee, Stakeholder Committee & Nomination Remuneration Committee: Shri K. N. Prithviraj, Member (Additional Independent Director); Ms. Divya Rao, Member (Additional Independent Director); Ms. Nina Chatrath, Member (Additional Independent Director). Mr. Prithviraj, born on March 03, 1947, is a brilliant academician and a former banker. He has more than 39 years of experience in Banking industry.

Professional Qualification: CAIIB- I; M.A. (Economics); Experience & Expertise: Shri Prithviraj, an accomplished academic and seasoned professional, holds the prestigious first rank in M.A. Economics from the University of Madras and is recognized as a research fellow in the Department of Economics there; Throughout his career, he has been associated with esteemed institutions such as Oriental Bank of Commerce (OBC), United Bank of India (UBI), Punjab National Bank (PNB), and Oriental Insurance Company, where he has made significant contributions; Notably, he served as the Chairman & Managing Director of Oriental Bank of Commerce, steering its strategic direction with exceptional leadership; His administrative acumen extended to his role at SUUTI (Special Undertaking of UTI), where he managed responsibilities effectively. Additionally, he has served on the boards of several prominent companies including Axis Bank, Surana Industries Ltd, Falcon Tyres Ltd, and Brickwork Ratings India Pvt. Ltd., bringing his expertise to diverse sectors; Further showcasing his commitment to public service and governance, he served as a Government Nominee Director for Oriental Insurance Company, a role in which he contributed for two years.

Ms. Divya Rao, born on May 6, 2000, has at such a young age achieved great acumen in the field of Marketing & Brand Management. Professional Qualification: Bachelor's in mass media; Post-graduation in Integrated marketing, advertising & communication; Advance certificate in Brand Communication Management. Experience & Expertise: Driven by curiosity and a relentless commitment to growth, She will bring a diverse skill set spanning creative, research, communication, strategy, and presentation.

With experience at leading agencies and brands, she excel at connecting the dots to deliver impactful, insights-driven solutions; She have had the privilege of working with companies, including Mullen Lowe Lintas, Ogilvy, Dr. Nikhil Datar, Little Black Book (LBB), The Neevs Venture, and Laugh Guru; She have experience in various roles, including Brand Planning Manager, Content Planner, Social Media Manager, Digital Marketing Copywriter, and Digital Marketing Intern. Insight mining, Primary and secondary research, Wrote Case studies for Effie, Cannes, BFSI Awards etc; Two of the cases written by her for Future Generali helped the Brand to secure Gold at the Pitch BFSI Awards, 2023 in the categories of 'Most Effective Launch' and 'Most Effective Use of Traditional Media' for Redefined Family; She approaches every challenge with thorough research and a keen eye for identifying growth opportunities; Beyond her professional endeavours, she maintains an active investment portfolio, meticulously tracking trends to make informed decisions.