Silver Touch Technologies Limited — Board/Management Information 2021

Aug 12, 2021

IJate:12(08/2021 To, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051.

Symbol: SIL VERTUC

Dear Sir / Madam,

Subject: Outcome of the Board Meeting held on Thursday, 12th August, 2021

With reference to the captioned subject, this is to inform you that the Meeting ([)f the Board of Directors of the Company was held on today i.e on Thursday, 12th August, 201 1 at 12:30 PM. Besides other subjects, the following items of Business were transacted by the Bo rd:

1. On the recommendation of Nomination and Remuneration committee, Board has appointed Mr Piyushkumar Sinha (holding DIN 00484132) as an Additional Director (NO! -executive and Independent) with effect from 12th August, 2021. Mr Piyushkumar Sinha is not related to any other Director of the Company and is not debarred from holding the office of DirF tor by virtue of any SEBI order or any other Authority. The Brief Profile of Mr. Piyushk mar Sinha is attached at Annexure-A.

2. The Board accepted the Resignation of Mr. Palak Shah as the Chief Finance officer of the Company due to his pre-occupation and other projects related technical involvements w.e.£ closing of Business Hours of 12th August, 2021. However, he will continue + Whole-Time Director of the Company and shall be re-designated as Whole-Time Director xecutive and Non-Independent Director).

I 3. Based on recommendation of Nomination and Remuneration Committee, the Board has appointed Mr. Paulin Shah, currently Assistant General Manager (Finance and counts) as the Chief Finance officer of the Company w.e.£ 13th August, 2021. Mr. Paulin Shah is not related to any other Director of the Company. The Brief Profile of Mr. Paulin Shah IS attached at Annexure-B.

1. Considered and Approved migration of Equity shares of the company from S:fE platform of NSE (NSE Emerge) to the Main Board of National Stock Exchange of India Limited in terms of Chapter IX of SEBI (ICDR) Regulations, 2018 subject to necessary approvals. =..L

2. Considered and approved the Postal ballot Notice.

Silver Touch Technologies Limited

2nd Floor, Saffron Tower. Opp. Central Mall. Panchavati Cross Road, Ahmedabad 380006 G ' t Id' Phone: +91 794002 2770 - 4. Email: info@silvertouch,com. WebSite: www.si/vertouch~~~~. nI . C/N: L72200GJ1 995PLC024465

1. Considered and approved the appointment of Mj s Sandip Sheth & Ass ciates, Practicing Company Secretaries, Ahmedabad, as a Scrutinizer for the Postal Ballot.

2. Considered and approved the Appointment of Mj s Sandip Sheth & Ass ciates, Practicing Company Secretaries, Ahmedabad as the Secretarial Auditors for the FY 2 21-22. The Brief Profile of Mj s Sandip Sheth & Associates, Practicing Company Secretaries is attached as at Annexure-C.

The above Meeting was commenced at 12:30 PM and was concluded at 0 :1.. ', o PM.

The intimation of the outcome of the Board Meeting is given pursuant to ReJuation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. \

Company Secretary & Compll''<u''''~~~9 M.No: A42076

Annexure-A

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Brief Profile of Mr Piyushkumar Sinha \

\ Mr Piyushkumar Sinha (aged 60 Years) holds Ph.D Degree in the Subject of Management and he has also done Masters in Commerce as well as Bachelor's in Business Admit tration.

Prof. Piyushkumar Sinha is Director, CRI Advisory and Research. He has mor~ than 37 years of Advisory, Researdl and Training as well as Managerial experience in Marketing, sales, retailing, service and business strategy for product as well as service companies (B2C land B2B), in the domains of Retailing and E-Commerce; Luxmy and Lifestyle; Healthcare; DecJion Sciences and IT. He has been involved in more than 100 advisory and training initiatives in iliese areas.

Prof. Sinha holds a Ph.D. in Management. He was a Professor at Indian Institute of Management Ahmedabad (IIMA), India till March 2018. Before IIMA, hel taught at IIM Bangalore, XIMB and was Dean at MICA. I

He has Authored/Edited/ Assisted 89 Research papers, 30 Case Studies and 6 Bl okS on various subjects including marketing, retaining and E-Commerce.

Between 1995 and 1999, he served as marketing manager for a utility (Gujarl t Gas) and an FMCG Company (Rasna). He has been a mentor to several start-ups, especiaU* in the area of social entrepreneurship. He serves on the boards of companies such as Gujarat Gas, Ujaas Energy and Jade Blue and Infibeam Avenues Ltd. \

Brief Profile of Mr Paulin Shah

Mr. Paulin Shah (aged 52 years) is Intermediate Chartered Accountant and is holding a Bachelor's Degree in Commerce. He has overall Industry experience of above 'es years.

He has been associated with Silvel' Touch Technologies since 2009 and is currently occupying the position of Assistant General Manager (Finance & Accounts). He has the unique distinction of working closely with all the Board Members of the company. 1

Before this organization, he was working with a well-known steel manufacturing company located in Nairobi-Kenya and he was also associated with Nirma Group.

He is having vast experience in the field of Accounting, Finance & Taxa~on matters, and Statutory Compliances and also possesses expert knowledge of the SAP ERP System.

Annexure-C

Contents of Disclosures	Explanations
A) Reason for change viz. appointment,resignation, removal, death or otherwise	Re-AppointmentI
B) Date of appointment	Re-Appointment as the Secretarial Auditors ofthe Company to conduct the Secretarial Auditfor the FY 2021-22 w.e.f 12th AUgllft, 2021
C) Brief Profile (in case of Appointment)	Mj s Sandip Sheth & Associates (Unique Code:<br>P2001GJ041000) is the Whole time PracticingatbasedSecretariesFirmCompanyAhmedabadI
D) Relationship with Directors	INil,

Brief Profile of Mjs Sandip Sheth & Associates (Secretarial Auditors)

Annexure-B