With reference to the captioned subject and pursuant to Regulation 30 of the Listing Regulations, please be informed that the Board of Directors of the Company at its meeting held today i.e. February 21, 2025, through Video Conferencing at Ashoka House, Ashoka Marg, Nashik - 422 011, inter alia considered and approved the following: 1. Re-appointment of Mr. Mahendra Mehta (DIN: 07745442) as an Independent Director for 2nd term of 5 consecutive years w.e.f. April 01, 2025, subject to approval of the shareholders by Postal Ballot. The said approval is based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the shareholders of the Company by the Postal Ballot. 2. Postal Ballot Notice for obtaining shareholders' approval for re-appointment of Mr. Mahendra Mehta (DIN: 07745442) as an Independent Director for 2nd term of 5 consecutive years effective April 01, 2025 and approval for divestment.