Spice Islands Industries Limited announced that upon recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved and noted on April 10, 2024, the appointment of Mr. Faraaz Irfan Chapra as Chief Financial Officer (CFO) of the Company with effect from April 10, 2024. Mr. Faraaz Irfan Chapra is highly qualified personnel with Masters in Business Administration and Management, and related supportive services. He is a engaged in Ph.

D. which shows his dedication towards continuous learning and intellectual curiosity. He is a passionate personality with more than 5 years of experience in Investment Banking and having immense knowledge in economics. He has excellent knowledge in the sector of Equity, Hospitality, Infrastructure, Overseas Recruitment and Private Equity.

He is currently engaged as Managing Director of Chapra Capital Venture, Co-founder of Vission Sidvi Reality Private Limited, Ferry Automotive Private Limited. He bagged to his credit certifications in the field of Advance Data Science, Financial Markets, Economics of Money and Banking, Advanced Valuation and Strategy in M&A, Private Equity and Venture capital, Data Analysis and Presentation Skills.