Satin Creditcare Network Limited at its board meeting held on January 13, 2020 has approved cessation of Mr. Jugal Kataria from the position of Chief Financial Officer (Key Managerial Personnel) of the Company with effect from January 13, 2020, elevation of Mr. Jugal Kataria as a Group Chief Financial Officer with effect from January 13, 2020, appointment of Mr. Krishan Gopal as Chief Financial Officer and Whole Time Key Managerial Personnel of
the Company with effect from January 13, 2020 and appointment of Mr. Prem Prakash as Chief Risk Officer of the Company with effect from January 13, 2020.