Change - Announcement of Appointment::Appointment of Independent Non-Executive Director - Mr. Rajesh Pahwa

Issuer & Securities

Issuer/ Manager
DIGILIFE TECHNOLOGIES LIMITED
Securities
DIGILIFE TECHNOLOGIES LIMITED - SG1BD0000008 - BAI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
11-May-2023 23:05:33
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director - Mr. Rajesh Pahwa
Announcement Reference
SG230511OTHRMS75
Submitted By (Co./ Ind. Name)
Chada Anitha Reddy
Designation
EXECUTIVE DIRECTOR
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Rajesh Pahwa as Independent Non-Executive Director of the Company and Member of Audit Committee, Remuneration Committee and Nominating Committee.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg .

Additional Details

Date Of Appointment
11/05/2023
Name Of Person
Mr. Rajesh Pahwa
Age
59
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee reviewed and considered the qualifications, independence, suitability, prior working experience and capability of Mr. Rajesh Pahwa ("Mr. Rajesh") and is satisfied that he possesses the requisite experience and capabilities to assume the duties and responsibilities of an Independent Non-Executive Director of the Company. Upon the recommendation of the Nominating Committee, the Board of Directors ("Board") approved Mr. Rajesh's appointment and considers Mr. Rajesh to be independent for the purposes of Rule 704(7) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

Following his appointment, Mr. Rajesh will be a member of the Audit Committee, Remuneration Committee and Nominating Committee.

The Company is currently in the process of searching for additional suitable candidates to be appointed to the Board as an Independent Director and member of its Board committees within two months from the date of the last AGM and in any case, no later than three months.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director - Board
Member - Audit Committee
Member - Remuneration Committee
Member - Nominating Committee
Professional qualifications
Nanyang Business School, Nanyang Technology University, Singapore- Master of Business Administration (Banking and Finance)
Sapient College, Singapore- SAP Certified Consultant
Institute Of Chartered Accountants of India- Chartered Accountant
Bachelor Of Commerce (Honours)- University Of Delhi, India
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
2010 to present - Managing Partner, Finedge Capital Pte Ltd
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
1. One Global Visa Pte. Ltd.
2. One Incorp Corporate Services Pte. Ltd.
3. Finedge Capital Pte. Ltd.
4. Lambourne Projects Pte. Ltd.
5. Hoopoun Technologies Pte. Ltd.(Struck Off)
6. Neada Consulting Pte. Ltd.
7. Collectors Art Fair Pte. Ltd.(struck off)
8. RPM Capital Pte. Ltd.
9. CPS Transfers (Singapore) Pte. Ltd.
10. Law Asia Corporate Services Pte. Ltd.
11. Velix ID Solutions Pte. Ltd.
12. Mista Bites Pte. Ltd.(struck off)
13. DCPL Pte. Ltd.
14. Coinsecure It Services Pte. Ltd.
15. Arbiter Laboratories Singapore Pte. Ltd.
16. Jatalia Singapore Pte. Ltd (struck off)
17. Hagur Tech Pte. Ltd.
18. RPM Securities Private Limited
19. Kamakshi GFX Pte. Ltd.
20. Brawn Globus Turnkey Solutions Pte. Ltd. (struck off)
21. A Design Indi Private Limited (struck off)
Present
1. Neume Health Pte. Ltd.
2. Tech Clover Pte. Ltd.
3. Mayfive Consultants Pte. Ltd.
4. Robin Global Pte. Ltd.
5. Golbal Tradelink Enterprise Pte. Ltd.
6. One Global Visa Pte. Ltd.
7. 5Sides Projects Pte. Ltd.
8. Media Mart Pte. Ltd.
9. Inspiroan Pte. Ltd.
10. Datagrid Pte. Ltd.
11. Securonics Singapore Pte. Ltd.
12. Qlikpay Pte. Ltd.
13. One Incorp Corporate Services Pte. Ltd.
14. Softmining Pte. Ltd.
15. ABS Payments Pte. Ltd.
16. OCG Technologies Pte. Ltd.
17. Itnity Pte. Ltd.
18. Asia-Pacific Holding Co. Pte. Ltd.
19. Nectiq Solutions Pte. Ltd.
20. Finedge Capital Pte. Ltd.
21. Lambourne Projects Pte. Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
Yes
If Yes, Please provide full details
He was disqualified for 5 years w.e.f. 07 November 2016 pursuant to Section 155A of the Companies Act 1967 i.e. where he was a director of certain companies which were struck off by the Accounting and Corporate Regulatory Authority (ACRA) within a 5-year period.
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Mr. Rajesh will be attending the training courses conducted by the Singapore Institute of Directors to familiarise himself with the roles and responsibilities as Director of a public listed company in Singapore, as prescribed by the Exchange to meet the mandatory training requirements under Rule 406(3)(a) of the SGX-ST Listing Manual Section B: Rules of Catalist.