JM FINANCIAL LTD. - Board Meeting Outcome for Outcome Of Board Meeting

We wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company at its meeting held today has inter-alia, approved the following proposals: 1. Re-appointment of Mr. P S Jayakumar (DIN: 01173236) as an Independent Director of the Company for a second term of five (5) consecutive years with effect from July 30,2025. 2. Re-appointment of Mr. Adi Patel (DIN: 02307863) as Managing Director of the Company for a period of three (3) years with effect from October, 1, 2024. 3. Appointment of Mr. Vishal Kampani (DIN: 00009079) as Managing Director of the Company for a period of five (5) years with effect from October 1, 2024, who is currently the Non-executive Vice Chairman. With this appointment, he will be the Vice Chairman and Managing Director of the Company. The above meeting of the Board commenced at 2:30 p.m. and concluded at 6:30 p.m.