Firstsource Solutions Ltd. — Board/Management Information 2023

Sep 1, 2023

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01[st] September 2023

To:

National Stock Exchange of India Limited (Scrip Code: FSL) Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051

BSE Limited (Scrip Code: 532809 ) Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Dear Madam/ Sir,

Ref – Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you the following:

1. Mr Vipul Khanna (DIN: 00889710), MD & CEO of Firstsource Solutions Limited (“the Company”) has tendered his resignation as a Director and from the post of MD & CEO, effective from the close of business hours on 31[st] August, 2023. The Board place on record their appreciation for the contribution made by Mr. Vipul Khanna during his tenure with the Company.

Disclosure of information pursuant to Regulation 30 is attached as Annexure A. Further, copy of the resignation letter is attached as Annexure B.

1. Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, at its meeting held on 01 September, 2023, appointed Mr. Ritesh Mohan Idnani (DIN: 06403188) as an Additional Director-the Managing Director and Chief Executive Officer, subject to all applicable approvals, with effective from September 01, 2023.

Disclosure of information pursuant to Regulation 30 is attached as Annexure C.

1. Re-appointment of Mr. Sunil Mitra (DIN: 00113473) as an Independent Director of the Company for a second term with effect from 1st April, 2024 for a period of three years.

Disclosure of information pursuant to Regulation 30 is attached as Annexure D.

1. Appointment of Mr. T. C. Suseel Kumar (DIN: 06453310) as an Additional Director-(NonExecutive, Independent Director) of the Company with effect from 01[st] September, 2023, subject to all the applicable approvals.

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Disclosure of information pursuant to Regulation 30 is attached as Annexure E.

1. Appointment of Ms. Rekha Sethi (DIN: 06809515) as an Additional Director-(Non-Executive, Independent Director) of the Company with effect from 01[st] September 2023, subject to all the applicable approvals.

Disclosure of information pursuant to Regulation 30 is attached as Annexure F.

You are requested to take the above on your records

Thanking you,

For Firstsource Solutions Limited

POOJA SURESH Digitally signed by POOJA SURESH NAMBIAR NAMBIAR Date: 2023.09.01 12:39:53 +05'30'

Pooja Nambiar Company Secretary

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Annexure A

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No	Particulars	Details
1	Reason for change viz. appointment, resignation, removal, death or otherwise	Resigned due to personal reasons A copy of Resignation along with a detailed reason for Resignation is givenasAnnexureB
2	Date ofCessation	31StAugust, 2023 (close ofbusinesshours)
3	Brief Profile (in case of appointment)	Not Applicable
4	Disclosure of Relationships between Directors (in case of appointment of a Director)	Not Applicable

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Annexure B

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Annexure C

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No	Particulars	Details
1	Reason for change viz. appointment, resignation, removal, death or otherwise	Appointment
2	Date of Appointment	01st September2023
3	Term of Appointment	The Board has appointed Mr. Ritesh Mohan Idnani as an Additional Director and the MD & CEO of the Company to hold office for a term of 5(five) years w.e.f. 01stSeptember 2023, subject to all applicable approvals.
4	Brief Profile (in case of appointment)	Mr. Ritesh Mohan Idnani is an accomplished industry executive with more than 28 years of experience in both public and private enterprises in technology and technology-enabled services. He brings expertise in enterprise B2B across both services (applications, infrastructure, and business process) and products (SaaS/ BPaaS/PaaS/ AI and ML). Most recently, Mr. Idnani was with Uniphore, an enterprise grade, AI native company where he was the Chief Revenue Officer. During his time there, he partnered with the founders to help grow the business more than 2.5x and established Uniphore as the market leader in conversational AI. Prior to Uniphore, Mr. Idnani was with Tech Mahindra where he was the President of a $1.4 billion portfolio of businesses (BPS, Software Products & Platforms and Experience Design), which he grew at 7-8 times the industry growth rate at industry leading margins. Ritesh has also worked both as CEO and advisor in VC/ private equity backed portfolio companies in the financial services, healthcare and technology verticals. He was part of the leadership team at Infosys where he helped scale the business from $100 million to $8 billion in revenue. Mr. Idnani spent his formative years in Citigroup and PwC.

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5	Disclosure of Relationships between Directors (in case of appointment of a Director)	Not related to any of the Directors of the Company.
6	Information as required pursuant to BSE Circular with ref no. LIST/COMP/14/2018-19	Mr. Ritesh Mohan Idnani is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Annexure D

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No	Particulars	Details
1	Reason for change viz. appointment, resignation, removal, death or otherwise	Re-Appointment
2	Date of Appointment	01stApril, 2024
3	Term of Appointment	The Board has re-appointed Mr. Sunil Mitra as an Independent Director, not liable to retire by rotation, to hold office for a term of 3(three) years w.e.f. 01st April 2024, subject to all applicable approvals.
4	Brief Profile (in case of appointment)	Mr. Sunil Mitra retired in June 2011 from the office of Revenue & Finance Secretary, Government of India. In his public service career spanning over three and a half decades, he successfully spearheaded important policy initiatives in public finance at the national level, including a new disinvestment policy and far-reaching taxation reforms. During his earlier appointments under the West Bengal Government, he is credited with the design and implementation of significant public policy reforms in the State-owned Public Sector Enterprises and in restructuring the State’s power sector.
5	Disclosure of Relationships between Directors (in case of appointment of a Director)	Not related to any of the Directors of the Company.

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6	Information as required pursuant to BSE Circular with ref no. LIST/COMP/14/2018-19	Mr. Sunil Mitra is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Annexure E

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No	Particulars	Details
1	Reason for change viz. appointment, resignation, removal, death or otherwise	Appointment
2	Date of Appointment	01st September, 2023
3	Term of Appointment	The Board has appointed Mr. T. C. Suseel Kumar as an Additional Director-Independent Director to hold office for a term of 5(five) years w.e.f. 01stSeptember. 2023, subject to all applicable approvals.
4	Brief Profile (in case of appointment)	Quite strong at analytics and interpretation of data, he had authored the business strategies of the Corporation aligning the short and long term goals to regain the market share. During his stewardship in Marketing, LIC of India crossed many a milestone with all time high First Year Premium Income and consolidated its market leadership with appreciable growth. With his rich experience and expertise in the field of insurance and finance behind his name, he held position in the Board of many important companies viz. National Mutual Fund- Mauritius, 21 LIC Lanka Limited, LIC HFL AMC Limited, LIC Pension Fund, LIC Mutual Fund Trustee Company, National Insurance Academy. His contribution as Board member was significant as companies derived rich benefitsfrom his crossfunctionalexpertise.
5	Disclosure of Relationships between Directors (in case of appointment of a Director)	Not related to any of the Directors of the Company.
6	Information as required pursuant to BSE Circular with ref no.	Mr. T. C. Suseel Kumar is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

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LIST/COMP/14/2018-19

Annexure F

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No	Particulars	Details
1	Reason for change viz. appointment, resignation, removal, death or otherwise	Appointment
2	Date of Appointment	01st September2023
3	Term of Appointment	The Board has appointed Ms. Rekha Sethi as an Additional Director-Independent Director to hold office for a term of 5(five) years w.e.f. 01stSeptember, 2023, subject to all applicable approvals.
4	Brief Profile (in case of appointment)	Ms Rekha Sethi is the Director General of the All India Management Association (AIMA), the apex body for management in India working closely with industry, government, academia and students to further the cause of the management profession in India. Ms. Sethi took charge of AIMA in June 2008. It is now the preferred platform for discussions and debate on management related diverse issues. AIMA attracts India’s top industry leaders and policy makers on its platform. Ms. Sethi has rich and varied experience in field of promotion of Industry and Internal Trade and, her appointment will be in the best interest of the Company.
5	Disclosure of Relationships between Directors (in case of appointment of a Director)	Not related to any of the Directors of the Company.
6	Information as required pursuant to BSE Circular with ref no. LIST/COMP/14/2018-19	Ms. Rekha Sethi is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

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