Pursuant to the provisions of SEBI, we hereby inform you that in the Meeting of the Board of Directors of the Company held on May 26, 2020, which commenced at 3.00 p.m. and concluded at 8.30 p.m., the Board of Directors transacted inter-alia, the following: Audited Financial Results (Standalone & Consolidated) of the Company for the financial year ended March 31, 2020 alongwith Statement of Assets and Liabilities (Standalone & Consolidated).Please also find enclosed herewith a copy of press release issued by the Company. The Board did not recommend dividend for the Financial Year 2019-2020 in view of loss reported, to conserve resources and in view of challenging circumstances. The Board of Directors has approved continuation of appointment of Mr. Narendra Sarda as an Independent Director on his attaining 75 years on November 8, 2020 until the expiry of his tenure on February 9, 2022.The Annual General Meeting of the Company shall be held on July 31, 2020.