Network18 Media & Investments Limited announced that Shri Adil Zainulbhai, Independent Director of the Company, shall cease to be an Independent Director of the Company upon completion of his second term on July 6, 2024. The Board of Directors of the Company at its meeting held on July 4, 2024, took on record the invaluable guidance and contribution made by Shri Adil Zainulbhai in the growth of the Company and its businesses during the last 10 years. Further, the Board noted the resignation of Ms. Bhama Krishnamurthy (DIN: 02196839) as an Independent Director of the Company with immediate effect.

Shri Adil Zainulbhai is the Chairman of the Boards of Network18 and TV18. He is the former Chairman of Quality Council of India, where he worked on several projects for the Government around many of its schemes. Prior to this, he was the Chairman of McKinsey India, where during his 34-year stint he led its Washington office and founded the Minneapolis office.

He is very active in community and social causes. He is a Mechanical Engineering graduate from the Indian Institute of Technology and an MBA from Harvard Business School. Names of listed entities in which Ms. Bhama Krishnamurthy holds directorships indicating the category of directorship and membership of board committees: Cholamandalam Investment and Finance Company Limited (Equity shares Listed) - Independent Director, Member - (i) Audit Committee (ii) Stakeholders Relationship Committee (iii) Corporate Social Responsibility Committee Chairperson - Risk Management Committee.

Thirumalai Chemicals Limited (Equity shares Listed) - Independent Director, Member - (i) Audit Committee (ii) Corporate Social Responsibility Committee (iii) Investment, Finance and Banking Committee. Muthoot Microfin Limited (Equity shares & Debentures Listed) - Independent Director, Member - (i) Audit Committee (ii) Risk Management Committee (iii) Nomination and Remuneration Committee. CSB Bank Limited (Equity shares Listed) - Independent Director & Non-Executive Chairperson, Member - (i) Nomination and Remuneration Committee (ii) Risk Management Committee (iii) Credit Committee (iv) Committee for Monitoring Large Value Frauds (CMF), Chairperson - Corporate Social Responsibility Committee.

Five Star Business Finance Limited (Equity shares & Debentures Listed) - Independent Director, Member - (i) Audit Committee (ii) Risk Management Committee (iii) Corporate Social Responsibility Committee Chairperson - Nomination and Remuneration Committee Just Dial Limited (Equity shares Listed) Independent Director.