Sterling Guaranty & Finance Limited at its Annual general meeting held on December 28, 2018 approved, resignation of Sunil Kumar Jangir, who had been appointed as an Independent Director of the company with effect from September 14, 2015 ceased to be director on conclusion of the AGM. Board of Directors has received his letter dated December 3, 2018 that he is not seeking re-appointment for his personal reason; resignation of Ms. Geeta Ashar who had been appointed as an Independent Director of the company with effect from September 14, 2015 ceased to be director on conclusion of the AGM. Board of directors has received her letter dated December 3, 2018 that she is not seeking re-appointment for her personal reasons and age; appointment of Ms. Savita Kumawat Additional Independent Director on December 3, 2018 as per the approval of Nomination & Remuneration Committee is re-appointed as Independent Director of the company as per resolution.

Ms. Aditi Mehta who was appointed as additional woman director on 3 December, 2018, was appointed as a Woman Director and CEO and CFO of the Company without remuneration. The resolution as per the Notice was passed.