On the recommendation of the Nomination and Remuneration Committee, Board of Foods and Inns Limited considered and approved, the appointment of Mr. Sanjay D. Naik (DIN: 10382124) as an `Additional Director' in the category of Non-Executive - Independent Director' of the Company. Mr. Sanjay
D. Naik was till recently Deputy Managing Director of State Bank of India. Shri Sanjay D Naik joined State Bank of India (Bank) as a Probationary Officer in 1987 and has held various important assignments in the Bank. He is a Graduate in Science and holds an MBA degree. Before superannuating in August 2023, he was Deputy Managing Director (International Banking Group) of the Bank. The International Banking Group comprises of international operations of the Bank which are spread across 232 offices in 32 countries with an asset size of $76 bio. As a part of this role, he chaired the boards of banks set up by SBI outside India in UK, Canada, USA and Mauritius. A career banker with over 36 years of experience, Shri Naik held various positions across a wide range of domains including Corporate Banking, Retail Banking and International Banking. He was part of the Bank's apex Credit Committee and _ other committee such as Risk, Compliance, Fraud Monitoring which are responsible for governance of the Bank.