Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 ( SEBI Listing Regulations ), we wish to inform you that based on therecommendation of Nomination and Remuneration Committee, the Board of Directors hasapproved the appointment of Mr. Matthew Barlow as President - Healthcare Payer Services(Senior Management Personnel) and Mr. Scott Schrader as President - Healthcare ProviderServices (Senior Management Personnel) w.e.f. 15th December 2025 through circulation.We further hereby inform that Mr. Venkatgiri Vandali has resigned as President - Healthcare andLifesciences - Operations and Senior Management Personnel of the Company.
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The Board of Firstsource Solutions has approved the appointment of Mr. Matthew Barlow as President – Healthcare Payer Services and Mr. Scott Schrader as President – Healthcare Provider Services, both effective 15 December 2025, based on the Nomination and Remuneration Committee's recommendation. Separately, Mr. Venkatgiri Vandali has resigned as President – Healthcare and Lifesciences – Operations and as Senior Management Personnel of the company. The appointments were made through a circular resolution, indicating urgency or routine scheduling. The changes are concentrated in the healthcare vertical, suggesting a leadership refresh in this key business segment.
The new hires strengthen the healthcare leadership bench, potentially supporting growth in payer and provider services, while Mr. Vandali's exit may cause a brief transition gap that the company appears to be pre-emptively filling. Shareholders should watch for any disruption in client relationships or segment performance in the coming quarters.