Mr. Utpal Hemendra Sheth

Non-Executive Director (Nominee)

is the Non-Executive Director (Nominee director) on our Board. He holds a bachelor’s degree in commerce from Sydenham College of Commerce and Economics, University of Bombay. He has also been awarded a certificate of merit by the Institute of Chartered Financial Analysts of India. He was first appointed as an alternate director in our Company on March 14, 2007. He has been working with Rare Enterprises since 2003 and is currently the chief executive officer of Rare Enterprises, a proprietary asset management firm, and is responsible for investment and risk management.