Dolphin Offshore Enterprises (India) Limited at its Monitoring Agency Meeting held on December 12, 2022, approved appointment of Mr. Dharen Shantilal Savla as Chairman and Non- Executive Promoter Director of the company with effect from November 15, 2022; appointment of Ms. Rita Keval Shah as Executive Promoter Director of the company with effect from December 15, 2022; appointment of Ms. Urmila Harsukhsingh Sisodia as Executive Promoter Director of the company with effect from December 15, 2022; appointment of Ms. Shaily Jatin Dedhia as Non-Executive Independent Director of the company with effect from December 15, 2022; appointment of Mr. Rohan Ketanbhai Sanghvi as Non-Executive Independent Director of the company with effect from December 15, 2022; and appointment of Ms. Soniya Mahesh Gadhvi as Non-Executive Independent Director of the company with effect from December 15, 2022. The company announced that Mr. Kirpal Singh; Mr. Satpal Kirpal Singh and Mr. Navpreet Kirpal Singh shall be deemed to have Ceased from their office of directorship as well as other positions as key managerial personnel of the Company, Mr. Satpal Kirpal Singh shall be deemed to have Ceased as Director and Mr. Navpreet Kirpal Singh shall be deemed to have Ceased as Director and Chief Financial Officer of the Company, with immediate effect, with effect from December 15, 2022. It may be noted that Late Mr. Kirpal Singh had demised on August 10, 2021, and hence his cessation as director shall take place with effect from his date of death, August 10, 2021, which was during the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor.

Mr. Satpal Kirpal Singh: Deemed to have Ceased as Director pursuant to the resolution plan approved u/s. 31 of the lBC by the Hon'ble NCLT at Mumbai vide its order no. IA 665 of 2022 in c.r. No. 4087 of 2018 dated September 29, 2022.

Mr. Navpreet Kirpal Singh: Deemed to have Ceased as Director and Chief Financial Officer pursuant to the resolution plan approved u/s. 31 of the IBC by the Hon'ble NCLT at Mumbai vide its order no. IA 665 of 2022 in cr. No.

4087 of 2018 dated September 29, 2022. Mr. Dharen Shantilal Savla holds a bachelor's degree in commerce from Gujarat University and a master's degree in business administration from Swinburne University of Technology. He has over 13 years of experience in handling human resources and organizing training programmes for implementing different jobs for different sites and looking after work over rig activities.

Ms. Rita Keval Shah holds a bachelor's degree in commerce from Gujarat University. She holds a master's degree in business administration from Bentley College, USA. She has over 10 years of experience in handling Management activities.

Ms. Shaily Jatin Dedhia is qualified Company Secretary. She holds Bachelor degree in Commerce & Law from Mumbai University. She also holds Master degree in commerce with management from Mumbai University.

Her profile includes vast. experience of more than 12 years in legal, secretarial and other ancillary matters. Throughout her career she shares a passionate professional background of Companies like MMRDA (Mumbai Metropolitan Region Development Authority) for Mumbai Metro Rail Project & Sheth Creators Group of Companies.

Mr. Rohan Ketanbhai Sanghvi is a Chemical Engineer from Manipal, Institute of Technology and is having an experience of more than 2 years in chemical products and services. Ms. Soniya Mahesh Gadhvi is having an experience of more than 6 years in chemical products and services. Ms. Urmila Harsukhsingh Sisodia holds a bachelor's degree in commerce from Gujarat University.

She has over 20 years of experience in handling Accounting and Taxation Matters.