The Board of Directors of Jio Financial Services Limited, on the recommendation of the Nomination and Remuneration Committee and Audit Committee, approved the appointment of the following Senior Management Personnel: Ms. Rupali Adhikari Sawant as Group Head - Internal Audit of the Company with effect from January 15, 2024; and Shri Sudheer Reddy Govula as Group Chief Compliance Officer of the Company in accordance with RBI Circular on Compliance Function and Role of Chief Compliance Officer, for a period of four years with effect from January 15, 2024. Ms. Rupali Adhikari Sawant is a commerce graduate from the Mumbai University and an Associate Chartered Accountant. She was associated with B S R & Co as an Associate Partner, Risk Advisory, Governance Risk and Compliance Services.

She has been associated with B S R & Co for the last 22 years. She has a strong audit and financial reporting background in Ind AS, Indian GAAP, and IFRS including application of RBI guidelines. Ms. Rupali has led statutory audits of large Indian private sector banks, NBFCs and MNC banks operating in India, Asset Management Companies and Private Equity Funds.

Ms. Rupali has also served as interim head of the internal audit function for a bank in India. Shri. Sudheer Reddy Govula has an experience of over 28 years, across large Public Sector and Private Sector Banks in India.

He started his career with the State Bank of India and was associated with the institution for a decade with exposure across General Banking, Foreign Exchange, Agricultural advances, SME advances etc. He then worked with HDFC Bank for 15 years managing different aspects of the compliance function. He was last associated with Bandhan Bank for over two years as the Chief Compliance Officer for the bank.

He has also handled various regulatory inspections, including inspections under Risk based supervision framework.