This is to intimate that the Board of Directors at their meeting held on 25th June, 2020 at the Registered Office of the Company have inter alia; 1. Considered and approved the audited Financial Results of the Company for the Year ended 31st March, 2020 (copy enclosed) 2. Independent Auditor's report for the year ended 31st March, 2020 (copy enclosed) 3. Took on record the mail sent to SEBI on 25th May, 2020 by Mr. D. Sudhakara Reddy with regard to demitting his office as Chairman and MD 4. Noted the resignation of Mr. D. Sudhakara Reddy as Managing Director with effect from 26th June, 2020