Cigniti Technologies Limited informed the Exchange that Mr. Sudhakar Pennam has been appointed as Non-Executive Director by the Shareholders of the Company in the Extra-ordinary General meeting held on 7th March 2024 in accordance with the provisions of Section 152, 160 and all other applicable provisions of the Companies Act, 2013 read with the Companies (Appointment and Qualifications of Directors) Rules, 2014 . Pennam, an innovative entrepreneur with an engineering degree from a prestigious Indian institution, embarked on a mission to create a lasting legacy in the IT industry. Post-education, Sudhakar made a foray into entrepreneurship, focusing on IT staffing and solutions, particularly in the United States.

With nearly 25 years of hands-on industry experience, he has founded and run multiple IT services and staffing companies. He is currently President & CEO of Kairos Technologies Inc. and the founder and CEO of Solunus Inc. Beyond his corporate endeavours, Sudhakar also actively engages in the dynamic landscape of emerging technologies. Sudhakar is on theBoard of Directors of Baylor Scott & White Irving Foundation and an Advisor for Sentiero Ventures.