Updater Services Limited approved the appointment of Ms. Radha Ramanujan, joined as Chief Financial Officer designate as Chief Financial Officer and Key Managerial Personnel of the Company with effect from December 30, 2023. Pursuant to Regula on 30 of SEBI (Lis ng Obliga ons and Disclosure Requirements). The board of directors considered and approved the resignation of Mr. Balaji Swaminathan, Chief Financial Officer and Key Managerial Personnel of the Company with effect from December 30, 2023.

Ms. Radha Ramanujan has served as CFO for 20 years, and with an overall experience of 30 years, have proven records of establishing cross functional partnerships to turn around companies. Partnered with BOD and CEO in converting the organisation mission into executable strategies. Apart from being a CFO & Co.

Secretary, headed Supply Chain, Commercial, Procurement, IT, HR, Admin and Legal functions. Skilled in setting startups and scaled them to a large business. Established e-commerce for lifestyle products, hyper market business and F&B industry.

Set up manufacturing plants, WH and retail network. Developed business models cascading into strategic initiatives. Structured deals & raised funds (VC/PE/IPO/Debt).

Managed customer & investors relationship for listed and private companies. Handled merger/de-merger/acquisitions and slump sale. Performed due diligence.

Expert in direct & indirect taxation. Hands on in establishing SOPs, implementing ERP, transformation projects and structuring ESG initiatives. Mr. Balaji Swaminathan has been associated with the Company since December 11, 2019.

He handled Finance & Accounts and Compliances of the Company. He holds a Bachelor's degree in Commerce from University of Madras. He is an associate member of the Institute of Chartered Accountants in India.

Before his association with the Company, he was associated with the Adecco Group (as a Country Finance Manager), Randstad India Private Limited (as a Senior Vice President - Finance SSC), Ernst & Young LLP (as an Associate Director), BSR & Co. (as a Manager), the World Bank (as an Accounting Analyst), GE Countrywide Consumer Financial Services Limited (as Manager Finance) and the Price Waterhouse (as an Assistant Manager).