IFCI Ltd. — Board/Management Information 2020

Jul 31, 2020

No. IFCI/CS/2020-209

July 31, 2020

The National Stock Exchange of India Limited Exchange Plaza Plot No. C/1, G Block, Bandra Kurla Complex Bandra (East) Mumbai - 400 051

CODE: IFCI

Dear Sir/Madam,

Sub: Appointment of Director.

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Shri MML Verma has been appointed as Additional Director bythe Board of IFCI Ltd. w.e.f. July 31, 2020.

1. Brief profile of Shri MML Verma is enclosed herewith as Annexure.

2. Shri MML Verma is not related to any Director on the Board of the Company.

Kindly acknowledge receipt.

Thanking You

Yours faithfully For IFCI Limited

$\ll 1$

(Rupa Sarkar) Company Secretary

Encl.: $a/a$

आई एफ सी आई लिमिटेड

पंजीकृत कार्यालयः आईएफसीआई टावर, 61 नेहरु प्लेस, नई दिल्ली - 110 019 दूरभाषः +91-11-4173 2000, 4179 2800 फैक्स: +91-11-2623 0201, 2648 8471 वेबसाइटः www.ifciltd.com सीआईएनः L74899DL1993GOI053677

1948 से राष्ट्र के विकास में

IFCI Limited

Regd. Office: IFCI Tower, 61 Nehru Place, New Delhi - 110 019 Phone: +91-4173 2000, 4179 2800 Fax: +91-11-2623 0201, 2648 8471 Website: www.ifciltd.com CIN: L74899DL1993GOI053677

In Development of the Nation since 1948

Brief Profile — Shri MML Verma

Shri MML Verrna, is M.A. in English and MPhil, Shri Verma started his career as English Teacher and subsequently worked as Inspector of Customs and Central Excise in Uttar Pradesh during 1983-85. Thereafter, he joined LIC as Assistant Administrative Officer in 1985 and worked in various capacities at different locations across the country. In 2020, Shri Verma has retired from LIC as Executive Director.

During his tenure in LIC, he had worked at various locations including Madhya Pradesh, Uttarakhand, Uttar Pradesh, Maharashtra, Rajasthan and Delhi etc. He had worked across positions inter-alia including Senior Branch Manager (incharge) at Kashipur and Pilibhit, Branch Manager in Haldwani Division. He had handled the assignment of Marketing Manager while posted at Mumbai Office of L1C. During the latter part of his tenure with LIC, Shri Verma had also worked as Business Development Manager of Western Zonal Office; Senior Divisional Manager (in-charge) of Mumbai Division — II and Division — Ill; Secretary (CRM) in Northern Zonal Office, Chief in Investment (Monitoring & Accounts) and Chief in Investment (Operations) Departments. In his career, he has gained valuable experience in various fields like Business Development, Investment and Marketing etc. He had also worked as a Director of North Central Zonal Training Centre, Agra, imparting training to junior level personnel of North Central Zonal comprising of Uttar Pradesh and Uttarakhand.

He had also handled the post of Secretary General, Office of the Executive Council of Insurers, Mumbai.

During his tenure at LIC, he also authored various books titled "Abhikarta Primer" and "Jeevan Suraksha Primer" officially published by the Division for agents. Shri Verma had also authored 3 books titled "Key Man Insurance", "D-Return Primer" and "Underwriting Primer" which were also officially published by the Division for agents. Also wrote abook "AGENT's KIT" (a set of 5 books comprising around 1400 pages), and a book"ULIP PRIMER" [both published by Central Office of Lid], and a manual of office procedure for office of Executive Council of Insurers and Offices of Insurance Ombudsman.Wrote almost 20 books in total.