Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors at their meeting held today has appointed Mr. Shom Ashok Hinduja (DIN: 07128441) as an Additional Director (Non-Executive, Non-Independent) of the Company with immediate effect. His appointment as a Director on the Board is subject to the approval of the shareholders. The disclosure as required under the Regulation 30(6) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with SEBI circular CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure. We hereby confirm that Mr. Shom Ashok Hinduja is not debarred from holding the office of Director by virtue of any Order of SEBI or any other authority.