LICHFL Trustee Company Pvt. Ltd.

Trustee to the funds.

LICHFL Trustee Company Private Limited is a company incorporated under the Companies Act, 1956. It is a 100% subsidiary of LICHFL. LICHFL Trustee Company Private Limited has been appointed as the sole trustee of the Trusts.

The Trustee Company will act as the trustee of the settled Trusts, and hold the trust property consisting of Initial Settlement of the Trusts, and additions and accretions thereto from time to time, in accordance with the provisions and on the terms and conditions of the Indenture of Trust.

Objectives

The Trustee has been incorporated with the following objects:

a) To carry on the activities of a trustee to venture capital trusts and funds, whether onshore or offshore, including the exercise of exclusive ownership rights with respect of the trust funds and the general superintendence, direction and management of the affairs of the trusts and for that purpose set up, promote, settle, approve and execute trusts for venture capital activities and devise various schemes for raising funds in any manner from persons, bodies corporate, trusts, societies, associations of persons in India and / or abroad, whether incorporated or not and to deploy in such manner as may be desirable for this purpose.

b) To ensure that all the activities of the various funds are carried on in compliance with any applicable regulations.

Board of Directors

Brief Profile of Directors of LICHFL Trustee Company Private Limited:

Mr. Jagdish Capoor

Former Director of LIC Housing Finance Ltd. Former Deputy Governor of Reserve Bank of India.

Former Chairman of the Deposit Insurance and Credit Guarantee Corporation of India, Unit Trust of India, Bharatiya Reserve Bank Note Mudran Ltd., Agricultural Finance Corporation, HDFC Bank Ltd. and BSE. Director on the Boards of Quantum Trustee Company Private Ltd. as well as of LIC Pension Fund Ltd.

Mr. Hari Om Panchariya

General Manager (Accounts) of LIC Housing Finance Ltd.

He has held key positions in his illustrious career at LIC of India and LIC Housing Finance Ltd., including that of General Manager (Accounts) of LIC Housing Finance Ltd.

Mr. Lokesh Mundhra

Chief Finance Officer of LIC Housing Finance Ltd.

He is a Chartered Accountant and holds a Commerce degree from the University of Rajasthan, Jaipur, where he secured First Merit at the university level during his second year of B.Com.

He began his career with LIC of India in 1993 as a Direct Recruit Officer (Assistant Administrative Officer - CA). Over more than 32 years, he has held a variety of key roles in departments such as Finance, Accounts, Audit, Personnel, Estate, and Investments. His extensive experience has provided him with a comprehensive understanding of regulatory compliance and strategic financial management. Mr. Mundhras leadership has been pivotal in advancing investment strategies, financial accounting, industrial relations, and estate management.

In the last six years, he has played a crucial role in LICs investment operations, acting as Fund Manager for the Equity and Debt portfolios of P&GS Funds, where he managed Assets under Management (AUM) exceeding 11.50 lakh crores. Under his guidance, the fund achieved industry-leading results in FY25. He has also spearheaded significant improvements in equity research and introduced innovative approaches to credit rating reviews in the debt portfolio.

Mr. Mundhra's appointment as Nominee Director underscores the companys commitment to leveraging experienced leadership to foster growth, strengthen fiscal discipline, and maintain high standards of governance while navigating future opportunities and challenges.