With reference to the board meeting dated 04.11.2020, we wish to inform you that: (a) The Board of Directors in their aforesaid meeting has inter-alia approved Audited Financial results (standalone and consolidated) of the company for the second quarter / half year ended September 30, 2020, as reviewed and recommended by the Audit Committee of the Board together with cash flow statement for the half year ended September 30, 2020 and statement of assets and liabilities as at September 30, 2020; (b) The Auditor has expressed an unmodified opinion(s) on the audited financial results (standalone and consolidated) of the company for the second quarter / half year ended September 30, 2020. (c) Due to the prolonged uncertainty situation of Covid-19 Pandemic, commencement of construction of new unit (Vnext Boards unit) in Udumalpeta, Tirpur District, Tamilnadu is delayed and is expected to start in December 2020 and will be completed by August 2021.