IMFA Seeks Shareholder Approval for Independent Director

Special resolution for appointment of Mr Partha Satpathy (DIN: 11589079) as Non-Executive Independent Director
Appointment term: 3 consecutive years effective from 08th September 2026
Not liable to retire by rotation
Requires shareholder approval via special resolution

Mr Satpathy was initially appointed as Additional Director (Non-Executive Independent) on 27th May 2026, contingent upon receiving security clearance from Director General of Civil Aviation (DGCA)
DGCA security clearance received on 08th September 2026 via letter dated 02nd September 2026
Recommendation made by Nomination & Remuneration Committee (NRC)
Appointment complies with Regulation 17 and Regulation 25 of SEBI LODR Regulations

Name: Mr Partha Satpathy (DIN: 11589079)
Date of Birth: 17/03/1965, Age: 61 years, Nationality: Indian
Father's Name: Mr Damodar Satpathy
Qualifications: Financial Times Non-Executive Director Diploma (UK), MBA from IIM Ahmedabad, Master's in International Human Rights and Law from University of Essex (UK), B.Sc. (Physics Honours) from Delhi University
Experience: 35+ years in diplomacy and international relations, including 15 years at Ambassadorial levels
Expertise: Governance, negotiation, crisis management, risk mitigation, business development, ESG principles, corporate governance, international relations
Current directorships: None
Committee memberships: None
Shareholding in company: Nil

Mr Satpathy has submitted declaration meeting independence criteria under Section 149(6) of Companies Act, 2013 and Regulation 16(1)(b) of Listing Regulations
Not disqualified under Section 164 of Companies Act, 2013
Not debarred by SEBI or any other authority
Consent given to act as Director
Registered with data bank of Independent Directors maintained by Indian Institute of Corporate Affairs

Voting method: Remote e-voting only (no physical ballots)
Service provider: National Securities Depository Limited (NSDL)
Scrutinizer: Mr Sourjya Prakash Mohapatra, Practicing Chartered Accountant (Membership No. 052805)
Cut-off date: 09th October 2026
Voting period: 14th October 2026 (9:00 AM IST) to 12th November 2026 (5:00 PM IST)
Results declaration: On or before 14th November 2026
Resolution deemed passed on 12th November 2026 if approved

Postal Ballot Notice available on company website (www.imfa.in), BSE (www.bseindia.com), NSE (www.nseindia.com), and NSDL (www.evoting.nsdl.com)
Material documents available for inspection at registered office during working hours
Electronic copies available upon request to investor-relation@imfa.in or secretarial@imfa.in

No financial impact quantified in the disclosure. Director remuneration will include sitting fees and commission as approved.