CARE Ratings Limited Considered and approved appointment of Mr. Manoj Chugh as an Additional Director (designated as Non-Executive Independent Director) of the Company, on the recommendation of the Nomination and Remuneration Committee, effective 9th May, 2024. Mr. Manoj Chugh is a Distinguished Alumnus of IIT Kharagpur. He is an Information and Communications Technology Industry expert, with a pioneering career spanning over 41 years, he catalyzed the building of the Internet and Information Infrastructure of India.

Recently, he has been named in a seminal book, to be amongst the "100 Great IITians" who stayed back in India and contributed significantly to the Country's progress. He played a leading role in bringing together key building blocks of the technology infrastructure which serve as the foundation that has enabled India to leapfrog and leverage Digital Transformation for Public Good. He has managed and led businesses to achieve pole position, across Technology & Services domains with both Indian and Global Majors.

He worked at various leadership positions in the past with Mahindra Group, EMC Corp, CISCO Systems India etc. He is currently the Chairperson of Manoj Chugh Advisory LLP.