Elpro International Limited at the board meeting held on May 30, 2022 approved appointment of Mr. Deepak Kumar Ajmera as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from July 01, 2022. The Board of Directors have noted the resignation tendered by Mr. Sambhaw Kumar Jain, Chief Financial Officer and Key Managerial Personnel of Company on April 15, 2022. Mr. Sambhaw Kumar Jain will be relived from his duties as Chief Financial Officer from the close of business hours on June 30, 2022.

The Company places on record its appreciation for his dedicated and significant contribution in various capacities during his tenure. Mr. Deepak Kumar Ajmera is a DISA Qualified member of the Institute of Chartered Accountants of India, certified Company Secretary and an honours Commerce graduate from MDSU, Ajmer. He has also been certified as Mutual Fund advisor by AMFI and Research Analyst by NISM.

Mr. Ajmera has worked with multiple industries at Senior positions over last 15 years i.e. Agro- Chemical Manufacturing, Cable & Conductor Manufacturing, Speciality Chemical Manufacturing, Engineering Procurement Construction (EPCs), NBFCs - Housing Finance and Chartered Accountant Firm. He has rich experience in the field of Equity & Debt Investing, Fund Raising- Equity & Debt, Merger & Acquisition, Investor & Lender Relationship, Budgeting & Controlling, System & Process Optimization, Risk Management, Secretarial & Regulatory Compliances, Tax Compliance & Planning, Investment & Fund Management, Credit Management & Control, Working Capital Management, Plant /Capex Control, Financial Reporting and Auditing.