Manappuram Finance Limited announced that based on the recommendation of Nomination Compensation and Corporate Governance Committee, the Board of Directors at their meeting held on August 10, 2023 has appointed Mr. T .C Suseel Kumar (DIN: 06453310) as an Additional Director of the Company with effect from November 01,2023. He shall be appointed as Non-Executive Independent Director of the Company subject to the approval of shareholders at the upcoming General Meeting/Postal ballot. Date of appointment/cessation (as applicable) & term of appointment: With effect from November 01,2023 for a period of 3 Years.

Brief profile of T.C. Suseel Kumar: T.C. Suseel Kumar retired as the Managing Director of Life Insurance Corporation of India (LIC) in January 2021 after a career spanning close to 4-decades, during which he headed several major portfolios of LIC including Investments, Finance & Accounts, Audit, Corporate Planning, Marketing, Customer Relationship Management, HR, Risk Management, Corporate Governance and Bancassurance. Suseel also headed the foreign operations of LIC Mauritius for over 3 years. With his expertise on analytics and interpretation of data, he has authored LIC's business strategies to regain a high market share.

During his stewardship in Marketing, LIC has crossed many a milestone with an all-time high First Year Premium Income and consolidated its market leadership with appreciable growth. He also pioneered the market research program to target millennials for both new business and agency recruitment. Well experienced in the field of insurance, finance and related fields, he has held positions on the Boards of several valuable companies including LIC, Axis Bank, LIC Lanka Limited, National Mutual Fund Mauritius, National Insurance Academy, LIC HFL, LIC Pension Fund, LIC Mutual Fund and LIC PF Trust.

In addition to providing strategic advice and guidance to various companies and businesses, he is now Director of Bombay Stock Exchange, PCBL and Lakshmi Machine Works Limited. Further, he is also a chairperson /member of various important committees including Audit, CSR, Treasury Review, Business Review, Delisting, Stakeholders Relationships, NRC and Risk Management.