Foods and Inns Limited at its board meeting held on 07th August, 2023 informed that the appointment of Mr. A. V. Seshadrinathan as an `Additional Director' in the category of Non-Executive - Independent Director' of the Company, in lieu of the vacancy being created by Mr. V. K. Beswal, Independent Director who will complete his second term at the end of the forthcoming AGM. On the recommendation of the Nomination and Remuneration Committee, Board has considered and approved, the appointment of Ms. Karishma Bhalla (DIN: 08729754) as an `Additional Director' in the category of Non-Executive - Independent Director' of the Company, in lieu of the vacancy being created by Ms. Kamlini Maniar, Independent Director who will complete his second term at the end of the forthcoming AGM. The Audit Committee: A.V. Seshadrinathan Chairman | Non-Executive Independent Director, Bhupendra Dalal Member Non-Executive, Non- Independent Director, Manek Davar Member Non-Executive Independent Director, Hormazdiyaar Vakil Member Non-Executive Independent Director.

The Nomination & Remuneration Committee: Hormazdiyaar Vakil Chairman | Non-Executive Independent Director, A.V. Seshadrinathan Member Non-Executive Independent Director, Bhupendra Dalal Member Non-Executive, Non- Independent Director. The Stakeholders Relationship Committee: Manek Davar Chairman | Non-Executive Independent Director, Karishma Bhalla Member Non-Executive Independent Director, Milan Dalal Member Non-Executive, Non- Independent Director. The Corporate Social Responsibility Committee: Hormazdiyaar Vakil Chairman | Non-Executive Independent Director Milan Dalal Member Non-Executive, Non- Independent Director, Bhupendra Dalal Member Non-Executive, Non- Independent Director, Moloy Saha Member CEO.

The Securities Allotment Committee: Manek Davar Chairman Non-Executive Independent Director, Milan Dalal Member Non-Executive, Non- Independent Director, Hormazdiyaar Vakil Member Non-Executive Independent Director. Mr. A. V. Seshadrinathan Is a Chartered Accountant by Profession. Mr. Sheshadrinathan has a deep knowledge of global fund administration, tax laws and regulations of various domiciles besides investment philosophies, deep understanding of data analytics and _ technology, a formidable combination Mr. Sheshadrinathan is a founder and Managing Director of Basiz Fund Service Private Limited for past 25 years.

He is also on the Board of Directors of various other Companies. He is a member of North American Fund Administration Association, Israel Hedge funds association and active member in the supporting group of GIFT City helping to create India's first offshore AIF domicile. Karishma Bhalla has a Masters in Business Administration (MBA) from the Indian Institute of Management Calcutta (IIMC).

Karishma Bhalla was a Managing Director and Partner at the Boston Consulting Group (BCG) and a core member of BCG's Consumer and Retail Practice, leading the digital marketing and personalization topic for BCG. While at BCG, Karishma led multiple engagements anchored in the consumer space including new business development, digital acceleration and brand redesign. She has been closely involved with the women's initiative at BCG and champions multiple groups to drive higher women participation in the workforce.

She has also been deeply engaged on CH-BCG collaboration in the media space and has authored three papers (2015, 2016 and 2017) as part of the same, besides multiple other thought papers.