Standard Capital Markets Limited at the board meeting held on January 18, 2024, approved appointment, in order to strengthen the professionalism across the organization, on the recommendation of the Nomination and Remuneration Committee of the Company of Mr. Ram Gopal Jindal (DIN: 06583160) as a `Chairman cum Managing Director' of the Company, with effect from January 18, 2024. As of January 18, 2024, Mr. Ram Gopal Jindal, who currently holds the position of Managing Director, will assume the dual role of Chairman cum Managing Director. This strategic decision is intended to leverage Mr. Ram Gopal Jindal's expertise and further strengthen the company's leadership.

The company approved appointment, in order to strengthen the professionalism across the organization, on the recommendation of the Nomination and Remuneration Committee of the Company of Ms. Chhavi Dixit (DIN: 10465851) as an `Additional Director' in the category of Non-Executive - Independent Director' of the Company in terms of Section 161(1) of the Companies Act, 2013, with effect from January 18, 2024. Ms. Chhavi Dixit is an associate member of "The Institute of Company Secretaries of India" and holds bachelor's degree in commerce and law. She acquired her Membership in 2017 and has since been actively contributing to the field of corporate governance.

She has strong expertise in corporate and securities law with more than six years of experience, as well as about three years working in listed companies and specializes in offering services in the fields of corporate law, corporate restructuring, secretarial & legal services, securities and exchange board of India, foreign exchange management act, reserve bank of India, etc. and also believes in good transaction management.