01st September 2023

To:

National Stock Exchange of India BSE Limited

Limited (Scrip Code: FSL) (Scrip Code: 532809)
Exchange Plaza, Phiroze Jeejeebhoy Towers,
Plot no. C/1, G Block, Dalal Street,
Bandra-Kurla Complex, Mumbai - 400 001
Bandra (East),
Mumbai - 400 051

Dear Madam/ Sir,

Ref – Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you the following:

1. Mr Vipul Khanna (DIN: 00889710), MD & CEO of Firstsource Solutions Limited (“the
Company”) has tendered his resignation as a Director and from the post of MD & CEO, effective
from the close of business hours on 31st August, 2023. The Board place on record their
appreciation for the contribution made by Mr. Vipul Khanna during his tenure with the
Company.

Disclosure of information pursuant to Regulation 30 is attached as Annexure A. Further, copy

of the resignation letter is attached as Annexure B.

2. Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that based
on the recommendation of the Nomination and Remuneration Committee, the Board of
Directors, at its meeting held on 01 September, 2023, appointed Mr. Ritesh Mohan Idnani (DIN:
06403188) as an Additional Director-the Managing Director and Chief Executive Officer,
subject to all applicable approvals, with effective from September 01, 2023.

Disclosure of information pursuant to Regulation 30 is attached as Annexure C.

3. Re-appointment of Mr. Sunil Mitra (DIN: 00113473) as an Independent Director of the Company
for a second term with effect from 1st April, 2024 for a period of three years.

Disclosure of information pursuant to Regulation 30 is attached as Annexure D.

4. Appointment of Mr. T. C. Suseel Kumar (DIN: 06453310) as an Additional Director-(Non-

Executive, Independent Director) of the Company with effect from 01st September, 2023, subject
to all the applicable approvals.
 Disclosure of information pursuant to Regulation 30 is attached as Annexure E.

5. Appointment of Ms. Rekha Sethi (DIN: 06809515) as an Additional Director-(Non-Executive,

Independent Director) of the Company with effect from 01st September 2023, subject to all the
applicable approvals.

Disclosure of information pursuant to Regulation 30 is attached as Annexure F.

You are requested to take the above on your records

Thanking you,

For Firstsource Solutions Limited

POOJA SURESH Digitally signed by POOJA
SURESH NAMBIAR
Date: 2023.09.01 12:39:53
NAMBIAR +05'30'

Pooja Nambiar
Company Secretary
 Annexure A
Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015

Sr. Particulars Details

No
1 Reason for change viz. Resigned due to personal reasons
appointment, resignation,
removal, death or otherwise A copy of Resignation along with a detailed reason for
Resignation is given as Annexure B
2 Date of Cessation 31St August, 2023 (close of business hours)
3 Brief Profile (in case of Not Applicable
appointment)
4 Disclosure of Relationships Not Applicable
between Directors (in case of
appointment of a Director)
 Annexure B

31st August 2023

To,
The Board of Directors
Firstsource Solutions Limited
Paradigm B, 5th Floor, Mindspace,
New Link Road, Malad (W),
Mumbai 400-064.

Dear Sirs/ Madam,

Sub.: Letter of Resignation

I, Mr. Vipul Khanna (DIN: 00889710), would like to step down from the
Board as well as from the position of the Managing Director & CEO of
Firstsource Solutions Limited ("the Company'') and do hereby tender my
resignation as a Director as well as the Managing Director & CEO from the
Board of the Company with effect from the close of the business hours on
31 st August 2023 due to personal reasons.

I would like to thank the Board of Directors for their support during my
tenure as a Director and the Managing Director & CEO.

I request the Company Secretary to take all appropriate steps including

notifying all relevant authorities upon the acceptance of my resignation by
the Board and send me a copy of relevant documents .

With Warm Regards,

2~
DIN: 00889710
 Annexure C
Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015

Sr. Particulars Details

No
1 Reason for change viz. Appointment
appointment, resignation,
removal, death or otherwise

2 Date of Appointment 01st September 2023

3 Term of Appointment The Board has appointed Mr. Ritesh Mohan Idnani as
an Additional Director and the MD & CEO of the
Company to hold office for a term of 5(five) years w.e.f.
01st September 2023, subject to all applicable
approvals.

4 Brief Profile (in case of Mr. Ritesh Mohan Idnani is an accomplished industry
appointment) executive with more than 28 years of experience in
both public and private enterprises in technology and
technology-enabled services. He brings expertise in
enterprise B2B across both services (applications,
infrastructure, and business process) and products
(SaaS/ BPaaS/PaaS/ AI and ML).

Most recently, Mr. Idnani was with Uniphore, an

enterprise grade, AI native company where he was the
Chief Revenue Officer. During his time there, he
partnered with the founders to help grow the
business more than 2.5x and established Uniphore
as the market leader in conversational AI.

Prior to Uniphore, Mr. Idnani was with Tech

Mahindra where he was the President of a $1.4 billion
portfolio of businesses (BPS, Software Products &
Platforms and Experience Design), which he grew at
7-8 times the industry growth rate at industry leading
margins. Ritesh has also worked both as CEO and
advisor in VC/ private equity backed portfolio
companies in the financial services, healthcare and
technology verticals. He was part of the leadership
team at Infosys where he helped scale the business
from $100 million to $8 billion in revenue. Mr. Idnani
spent his formative years in Citigroup and PwC.
 5 Disclosure of Relationships Not related to any of the Directors of the Company.
between Directors (in case of
appointment of a Director)

6 Information as required Mr. Ritesh Mohan Idnani is not debarred from

pursuant to BSE Circular holding the office of director by virtue of any SEBI
with ref no. order or any other such authority.
LIST/COMP/14/2018-19

Annexure D

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015

Sr. Particulars Details

No
1 Reason for change viz. Re-Appointment
appointment, resignation,
removal, death or otherwise

2 Date of Appointment 01st April, 2024

3 Term of Appointment The Board has re-appointed Mr. Sunil Mitra as an
Independent Director, not liable to retire by rotation,
to hold office for a term of 3(three) years w.e.f. 01st
April 2024, subject to all applicable approvals.

4 Brief Profile (in case of

appointment) Mr. Sunil Mitra retired in June 2011 from the office
of Revenue & Finance Secretary, Government of
India. In his public service career spanning over three
and a half decades, he successfully spearheaded
important policy initiatives in public finance at the
national level, including a new disinvestment policy
and far-reaching taxation reforms.

During his earlier appointments under the West

Bengal Government, he is credited with the design
and implementation of significant public policy
reforms in the State-owned Public Sector Enterprises
and in restructuring the State’s power sector.

5 Disclosure of Relationships Not related to any of the Directors of the Company.

between Directors (in case of
appointment of a Director)
6 Information as required Mr. Sunil Mitra is not debarred from holding the office
pursuant to BSE Circular of director by virtue of any SEBI order or any other
with ref no. such authority.
LIST/COMP/14/2018-19

Annexure E
Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015

Sr. Particulars Details

No
1 Reason for change viz. Appointment
appointment, resignation,
removal, death or otherwise

2 Date of Appointment 01st September, 2023

3 Term of Appointment The Board has appointed Mr. T. C. Suseel Kumar as
an Additional Director-Independent Director to hold
office for a term of 5(five) years w.e.f. 01st September.
2023, subject to all applicable approvals.

4 Brief Profile (in case of Quite strong at analytics and interpretation of data,
appointment) he had authored the business strategies of the
Corporation aligning the short and long term goals to
regain the market share. During his stewardship in
Marketing, LIC of India crossed many a milestone
with all time high First Year Premium Income and
consolidated its market leadership with appreciable
growth.

With his rich experience and expertise in the field of

insurance and finance behind his name, he held
position in the Board of many important companies
viz. National Mutual Fund- Mauritius, 21 LIC Lanka
Limited, LIC HFL AMC Limited, LIC Pension Fund,
LIC Mutual Fund Trustee Company, National
Insurance Academy. His contribution as Board
member was significant as companies derived rich
benefits from his cross functional expertise.
5 Disclosure of Relationships Not related to any of the Directors of the Company.
between Directors (in case of
appointment of a Director)

6 Information as required Mr. T. C. Suseel Kumar is not debarred from holding

pursuant to BSE Circular the office of director by virtue of any SEBI order or
with ref no. any other such authority.
 LIST/COMP/14/2018-19
Annexure F
Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015

Sr. Particulars Details

No
1 Reason for change viz. Appointment
appointment, resignation,
removal, death or otherwise

2 Date of Appointment 01st September 2023

3 Term of Appointment The Board has appointed Ms. Rekha Sethi as an
Additional Director-Independent Director to hold
office for a term of 5(five) years w.e.f. 01st September,
2023, subject to all applicable approvals.

4 Brief Profile (in case of Ms Rekha Sethi is the Director General of the All India
appointment) Management Association (AIMA), the apex body for
management in India working closely with industry,
government, academia and students to further the
cause of the management profession in India. Ms.
Sethi took charge of AIMA in June 2008. It is now the
preferred platform for discussions and debate on
management related diverse issues. AIMA attracts
India’s top industry leaders and policy makers on its
platform.
Ms. Sethi has rich and varied experience in field of
promotion of Industry and Internal Trade and, her
appointment will be in the best interest of the
Company.
5 Disclosure of Relationships Not related to any of the Directors of the Company.
between Directors (in case of
appointment of a Director)

6 Information as required Ms. Rekha Sethi is not debarred from holding the
pursuant to BSE Circular office of director by virtue of any SEBI order or any
with ref no. other such authority.
LIST/COMP/14/2018-19