The details of appointment of Mr. Suraj R. Vishwakarma, Independent Director and Mr. Hemendra J. Shroff as Executive Director cum Chief Financial Officer and reconstitution of various ....

www.vbdesa V.B. Desai Financial Services Limited Category | Merchant Banker - SEBI Registration No. INM 000002731 August 17, 2026 The Corporate Relations Department BSE Limited P.J. Towers, Dalal Street, Mumbai - 400 001 Dear Sirs, . Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 — Change in Directors Ref: Company Code No. 511110 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby inform you that the Board of Directors at their meeting held on 17th August 2026, appointed 1) Mr. Suraj Ravishchandra Vishwakarma as Non-Executive Independent Director. 2) Mr. Hemendra Jitendra Shroff — existing Non-executive, Non-Independent Director as Non Independent Executive Director cum Chief Financial Officer. The details as required under Regulation 30 of the Listing Regulations read with Part A of Schedule 11l of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 is enclosed herewith as Annexure |. Subsequent to appointment of new Director, the following Committees have re-constituted: 1. AUDIT COMMITTEE Sr. No. Name of the Member Designation ] 1. Mr. Sagar Yadav Chairman — Non-Executive Independent 2. Mr. Sanjay N. Kapadia Member— Non-Executive Independent 1 3. Mr. Pradip R. Shroff Executive . B 3 Mr. Suraj R. Vishwakarma Member — Non-Executive Independent 2. NOMINATION AND REMUNERATION COMMITTEE Sr. No. Name of the Member Designation i Mr. Suraj R. Vishwakarma Chairman — Non-Executive Independent 28 Mr. Sanjay N. Kapadia Member— Non-Executive Independent 8. Mrs. Rachana S. Vijayakar Member — Non-Executive non-Independent Registered Office : Cama Building, 1st Floor, 24/26 Dalal Street, Fort, Mumbai 400 001 CIN: L74120MH1985PLC037218 Tel.: +91-22- 4077 0777 Web: www.vbdesai.com E-mail: info@vbdesai.com 3. STAKEHOLDERS GRIEVANCE COMMITTEE sr. No. Name of the Member Designation 1 Mr. Manoj T. Shroff Chairman — Non-Executive non-Independent 2 Mr. Pradip R. Shroff Member— Executive 3 Mr. Sagar Yadav Member— Non-Executive Independent 4. RISK MANAGEMENT COMMITTEE Sr. No. Name of the Member Designation ] s Nir. Pradip R. Shroff Chairman — Executive | 2 Mr. Sanjay N. Kapadia Member— Non-Executive, Independent e '35 Mr. Jitendra hroff | Member— Non-Executive non {ndepen&e}t B | 4. Mr. Suraj R. Vishwakarma Member— Non-Executive, Independent | Request you take the same on your record. Thanking you, ‘{ours faithfully, For N.B| DESAI FIINA@L SERVICES LIMITED Annexure | - Change in Director of the Company 1. Appointment of Mr. Suraj Ravishchandra Vishwakarma as Non-Executive Independent Director Sr. No. | Sr. No. Details of Event that need to be | Information of such events(s) provided a. Reason for change viz. appointment, Mr. Suraj Ravishchandra Vishwakarma, | ppoint t, resignation, al; appointed as Non-Executive Independent ‘ death-orotherwise; Director. | b. Date of appointment /reappointment/ | August 17, 2026 | tionL licable) &t ; () Brief profile (in case of appointment) Mr. Suraj Vishwakarma with qualification of | B.Com, LLM, Cyber Law (PGD) with more than | 10 year’s experience in Cyber Law, Criminal | Law and Civil Law. d. Disclosure of relationships between Not related to any Director, Promoterr,ibrr' B directors (in case of appointment of a Promoter Group of the Company. director) e Debarment confirmation Mr. Suraj Vishwakarma is not debarred from | holding the office of Director. | fi. Directorshiipn other listed companies Nil | 2. Appointment of existing Non-executive, Non-Independent Director Mr. Hemendra Jitendra Shroff as Non- Independent Executive Director cum Chief Financial Officer Sr. No. | Sr. No. Details of Event that need to be | Information of such events(s) provided { a. Reason for change viz. appointment, Mr. Hemendra J. Shroff, appointed as non- : appot t-resigRation, 5 Independent Executive Director cum Chief death-orotherwise; Financial Officer | b. Date of appointment /+eappeintrment/ | August 17, 2026 ettt sppheableldotarmrol €. Brief profile (in case of appointment) Mr. Hemendra Shroff has more than 27 years’ experience in Investment Banking and other related business. d. Disclosure of relationships between Related to Mr. Jitendra R. Shroff, Mr. Pradip g directors (in case of appointment of a R. Shforr and Mr. Manoj T. Shroff, Promoter, director) and Promoter Group of the Company. ‘e. | Debarmentconfirmation |Mr. Hemendra J. Shroff is not debarred from| holding the office of Director. f. Directorship in other listed Companies NIL ‘