BOARD OF DIRECTORS

The Board critically evaluates strategic direction of the Company, management policies and their effectiveness. The management of the Company is entrusted is in the hands of experienced and core competent persons Managing Director Mr. Pankaj Shah and Director Mrs. Rupali Pankaj Shah who operate under the superintendence, direction and control of the Board. The Board members possess requisite skills, experience and expertise required to take decisions, which are in the best interest of the Company. While appointing the directors, the Board considers their skills, experience, qualifications, commitment and background, in the context of the requirements of the Board at that point in time. The directors are actually the promoters of the company. The board meetings are held quarterly. The necessary quorum is present for all the meetings.

Mr. Pankaj Kishor Shah , having 20 years of Engineering, Management AND Software experience. He has vast experience in the field of Manufacturing, Management, Finance, Trading, Real Estate, H.R. , Social Service & Marketing . Mr. Pankaj Kishor Shah is having 28 years of Engineering & Management experience. He has vast experience in the field of Manufacturing, Management, Finance, Trading, Real Estate, H.R. , Social Service & Marketing . Being a Diploma in Mechanical Engineering and Degree in Production Engineering, he has achieved Technical Excellence and being Felicitated by Presidential Award Udyog Ratna in 1987 for outstanding work in CNC technology.. He has been a Technical Consultant to many Organizations including some Multinational Companies. He has been instrumental in improving the Technology in the Company and trying to bring the same to International levels. He has developed a cost effective ERP system in 1988 to provide solutions for Indian industry. He is an outstanding Contributor in spreading awareness and knowledge of ISO 9001. He is the Director of Dewsoft solutions and Spring Form Technology. He has also made remarkable contributions in social work.

He is presently the driving force of Spring form technology and under his leadership it has grown into a successful and reliable organization. He is associated with several government and trade bodies which play an instrumental role in the development of India’s IT sector. He has published several articles on information technology in leading Indian publications and has been a speaker of various conferences. He has a successful track record of driving revenue growth for the company including business development, channel development and strategic initiatives. His role is to transform Spring Form Technology to deliver world class services to customers, become a great place to work for employees thereby creating and sustaining long term profitable growth. He is a great blend of leadership, inspiration, technology expertise, operational experience, technical breadth and passion for customer services. He has an inbuilt ability to build highly passionate leadership and organizations that jointly works to create long term success. He has always been in line with the fluctuating market trends and level of competition. Mr. Pankaj Shah heads the global Enterprise Solutions business at SFT. He leads the horizontal units of ERP and Business Intelligence & Analytics. He is responsible for identifying growth engines, building new service offerings and business development. He has been a key player in driving SFT's growth. Mr. Pankaj Shah is instrumental in building the Enterprise Solutions and HR-IT practices at SFT.

Mrs. Rupali Pankaj Shah the Director of the Company nurtures a strong leadership team to drive various project executions. Having qualification of a Software Engineer and experience of more than a decade in System design, integration and implementation, she churns every effort into results and keeps pursuing new terrain for better pre-execution understanding. Having worked in Core software technology in her earlier allocation, she has grown her capabilities in different work areas thus having a better understanding of on job and real time executions. She has been on the Chief project Head post in her previous engagement. She has brought in a dynamic and persuasive work culture which is not only enhancing Company’s talent pool, but also opening new project openings. She has now taken up the task of reshaping the business, improving technical and digital capabilities, and positioning it for growth in new markets.

Ms Nina Jayram Sardesai has been working on accounts, purchasing and consolidated administrative functions since last 26 years.She is a trusted and valuable asset to the company. She is appointed as the General Manager of our company. She has played a magnificent role in maintaining the financial stability of our company. She has strong accounting fundamentals, she has successfully handled various aspects of the Finance function during her career. Her contribution in the areas of MIS and Corporate Taxation in particular, has been commendable. She has performed diverse financial roles in leadership position in the Company. Her performance in the field of finance has been outstanding and one of a kind.

On behalf of all shareholders and on the proposal or advice of the Management Board, the Board of Directors lays down the strategy and general policy of the company. It also sets the Company’s standards and monitors the implementation of that strategy.

It controls and gives direction to the management of the company and provides monitoring of risks.

It also ensures that the principles of good governance are respected.

The board’s acts are guided solely by a concern for the interests of the company in relation to the entirety of its shareholders, its customers and staff.

The Board critically evaluates strategic direction of the Company, management policies and their effectiveness. The Board members possess requisite skills, experience and expertise required to take decisions, which are in the best interest of the Company. While appointing the directors, the Board considers their skills, experience, qualifications, commitment and background, in the context of the requirements of the Board at that point in time. The directors are actually the promoters of the company. The board meetings are held quarterly. The necessary quorum is present for all the meetings. The management of the Company is entrusted is in the hands of experienced and core competent persons who operate under the superintendence, direction and control of the Board namely as follows:

a. Ms. Bharvi Shah, Indepndent Director

b. Mrs. Krutika Rajendra Ghadigaonkar, Indepndent Director

c. Mr. Pankaj Shah, Managing Director

d. Mrs. Rupali Pankaj Shah, Director

e. Ms. Nina Jayram Sardesai, CFO (KMP)

The Company has 2 (two) Committees of the Board comprising of Audit Committee and Nomination and Remuneration Committee. All the Committees comprises of majority of Independent Directors.

The Audit Committee consists of the following members;

a. Mrs. Krutika Rajendra Ghadigaonkar — Independent Director

b. Ms. Bharvi Shah — Independent Director

c. Mr. Pankaj Kishor Shah — Managing Director

The Nomination and Remuneration Committee consists of the following members;

a. Mrs. Rupali Pankaj Shah — Director

b. Ms. Bharvi Shah — Independent Director

c. Mrs. Krutika Rajendra Ghadigaonkar — Independent Director