Blue Dart Express Limited informed that in the Meeting of the Board of Directors of the Company held on June 08, 2023, the Board of Directors noted/approved inter-alia the following; Pursuant to approval and recommendation of the Nomination & Remuneration Committee and Audit Committee, Ms. Sudha Pai, has been appointed as Chief Financial Officer (CFO) and as Key Managerial Personnel (KMP) of the Company. She will be the KMP under the provisions of the Companies Act, 2013. Ms. Sudha Pai will assume charge as CFO of the Company with effect from 1st September, 2023.

Ms Sudha Pai, is a qualified Cost Accountant, currently working as Chief Financial Officer, in DHL Global Forwarding, India, a DHL group company. She also held the responsibility as Finance Director Ezyhaul India Pvt. Ltd., CFO & Compliance Officer of DHL Logistics Pvt Ltd. (Freight Forwarding division), heading finance for INR 80,000 million turnover with 4 major divisions and 800+ employees strength.

Ms.Sudha Pai is part of the Senior Management team at DHL Global Forwarding, with direct reporting to Regional CFO and dotted line to the Country CEO. Except Ms. Sudha Pai, none of the Directors and Key Managerial Personnel of the Company and their respective relatives is concerned or interested, financially or otherwise in the above. Pursuant to approval and recommendation of the Nomination & Remuneration Committee and Audit Committee, Mr. V.N.Iyer, `Acting Interim Chief Financial Officer' and Key Managerial Personnel (KMP) of the Company has been appointed as `Group Chief Financial Officer' of the Company.

Mr. V.N.Iyer will assume charge as Group CFO w.e.f. 1st September, 2023. Mr. Iyer would continue to be the KMP of the Company as per provisions of the Companies Act, 2013. Mr. V.N.Iyer is BSc (Statistics) and qualified Cost Accountant with more than three decades of experience in Accounts, Finance, Taxation, Treasury Operations, Financial Analysis, Internal Controls Framework.

He was deputed as CFO of Blue Dart Aviation Ltd. for Five years and has exposure in Aviation Finance as well. Except Mr. V.N.Iyer, none of the Directors and Key Managerial Personnel of the Company and their respective relatives is concerned or interested, financially or otherwise in the above.