The Board of Directors of the CARE Ratings Limited at their meeting held on January 28, 2022, have approved appointment of Ms. Shubhangi Soman as an Additional Director (Non-Executive Non-Independent Director) of the Company based on the representation letter received from UC and recommendation of Nomination and Remuneration Committee. The said appointment is subject to approval by the Members of the Company. Ms. Shubhangi Soman is a qualified Chartered Accountant (CA) and at present holds post of Executive Director (F & A) & CFO of LIC.