Pursuant to Regulation 30, Schedule III and other applicable regulations of the SEBI LODR Regulations, we wish to inform you that based on the recommendation of Nomination and Remuneration Committee and subject to approval of members of the Company, the Board of Directors of the Company has, at its meeting held today i.e. on March 19, 2025, approved the re-appointment of Mr. Deepak Chhabra as the Managing Director of the Company for a period of 3 years with effect from March 28, 2025. In accordance with BSE Circular no. LIST/COMP/14/2018-19 dated June 20, 2018, we hereby confirm that Mr. Deepak Chhabra is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.