Intellect Design Arena Limited — Board Meeting, 06-12-2024: Outcome of Board Meeting

The Board of Directors has approved the appointment of Ms. Aarushi Jain to hold an office of profit, pending shareholder approval via postal ballot. Additionally, the decision was made to wind up the Alternate Investment Funds (AIFs) Category II, aiming to realign investment initiatives with strategic objectives for sustained growth and value creation. These moves suggest a focus on strengthening core capabilities and optimizing operational strategies moving forward.