Jet Airways (India) Limited Announced that at its Monitoring Committee of the company in its meeting held on July 20, 2023 has approved the appointment of Mr. Gautam Acharya (DIN 08918657) as a Whole-Time Director, Mr. Rajesh Prasad (DIN 02341590) as a Non-Executive Director, and Mr. Sundaram Ramesh (DIN 10245705) as a Whole-Time Director of the Company, with effect from July 20, 2023, for the purpose of ensuring compliance with applicable laws, to execute and make filings with the Registrar of Companies and assist in implementation of the Resolution Plan. Mr. Gautam Acharya is an aviation professional having specialized in commercial aviation for the last 20+ years. He is qualified to practice law in India and the UK, after obtaining a master of laws degree specialized in air & space laws (McGill, 2005).

His work experience spans three continents, having worked in Canada, the UK, Sweden, Hong Kong and India. For the last 15 years he has been with Jet Airways (India) Limited and has managed multiple portfolios ranging from aircraft leasing & contracts to regulatory affairs to law. Over the last 4+ years he has worked closely with the court appointed Administrator and has been pivotal to help Jet Airways successfully emerge from a corporate insolvency resolution process.

Mr. Rajesh Prasad has over 40 years of diversified experience - 25 years with SBI under top management position, then joined Kotak Mahindra Bank in January, 2007 as Executive Vice- President Whole Sale Banking- heading North and East India. In July 2008 he joined diversified MNC Caparo Group (promoted by Lord Swraj Paul) as the MD & CEO cum Country Head, where he diversified the group from an Automotive player into Green Energy, Financial Services, Waste Management, E-Vehicle, etc. He consolidated tie up JV with Maruti, Eicher, Marubeni itochu, Wartsila, etc.

He was with the group for over 7 years after, which he went entrepreneurial having innovated products that extend life of Lead Acid Battery. He is also active in extending Financial Advisory, and helps Corporates in their value unlocking. He joined Jet Airways (India) Limited ("Jet") in July 2018 as its Chief Strategy Officer and played an important role in the Resolution process working alongside the Resolution Professional.

He is Jet's representative on the Board of Jet Privilege Private Limited. Mr. Sundaram Ramesh is an ambitious, hard-working, and successful person with professional attitude who takes great pride in his work. He has achieved a rapid career progression in a highly competitive market and dedicated work well under pressure.

He is a self-motivated person with managerial experience in manufacturing and service sector with over 40 years' experience in finance, accounts and Taxation, General Sales Agency /international airline accounting system, Custom, etc.