Savani Financials Limited announced that at its AGM held on July 08, 2024, shareholders approved the appointment of Mr. Jitendra Laxmidas Negandhi as an Independent Director of the Company. Appointment of Mr. Ravishankar Ramamoorthy as an Independent Director of the Company. Appointment of Ms. Purvi Ramesh Ambani as a Non-Executive Non - Independent Director of the company.

Appointment shall be effective for a period of five years for the First Term with effect From April 10, 2024. Mr. Jitendra Laxmidas Negandhi is a qualified Chartered Accountant having experience of 48 years across a wide variety of consulting assignments. He began his career with Tata Steel Limited and had spent over a decade in the consulting division of A. F. Ferguson and Co.

He has been advising a wide array of large and medium corporates in business finance and turnaround strategy from the year 1989. He has also assisted many of Multi-National and Indian Companies running business of consumer products, pharmaceuticals, agri-business and fashion. His forte is to drive the Companies to the business growth through means of his knowledge and experience.

Mr. Ramamoorthy Ravishankar is Graduate in Bachelor of Commerce graduate from Loyola College and has completed PGDBA post-graduate from Loyola Institute of Business Administration. He started his professional career in 1985 with an Advertising Agency - Marketing and Creative Services. He then developed the business by taking Management responsibility of the Agency in 1989 and renamed it as MCS Communications Pvt.

Ltd., as its turnover and size increased. He then after had joined Reliance Industries as Vice President - Corporate Affairs in 1999 and was handling their Tele Communications Project as well as Petroleum Project which roll-out operations for Southern Region. After the split in the group, he then joined Reliance Communications in year 2007 and was designated as Senior Vice President in the Company.

He was also responsible for 2 G and 3 G upgradation of the communication network for the Company. He was then after deputed as President - Corporate Affairs in Global Wind Private Limited, a subsidiary of Reliance Energy, for implementing Renewable Energy projects throughout India, specifically Wind Energy projects. He had left Reliance Group in 2012, and was then after a Business Consultant, advising Companies on strategies to successfully implement Projects as well as overcome Statutory and Regulatory constraints.

He is currently a Director in a RAAG Housing and Infrastructure Private Limited, a Company undertaking development of Township at Tada, on the outskirts of Chennai. Ms. Purvi Ramesh Ambani (aged 49 years) is a Commerce Graduate from Bombay University and a qualified Chartered Accountant from the Institute of Chartered Accountants of India and a Seasoned Investment Banking Professional. She has over 20 years total experience.

She has been associated with Asit C. Mehta Group since last 15 years. She has worked extensively on a range of financial products for clients, such as fund-based and non-fund-based working capital facilities, term loans, foreign currency loan, Business Sourcing, Project Finance, PE Funding and so on. She started his career in Finance and accounts, direct and indirect taxation.

She also has a brief stint in MIS, strategy and designing KPI and KRA for the front office and back-office employees. Besides, she has diverse exposure across Pharma, Real Estate, Medical Device, Textile, Renewable Energy, Infrastructure and Dairy Sector.