We wish to inform you that the Board of Directors of the Company at their meeting held on Thursday, November 14, 2019 considered and approved the following. 1. Re-appointed Mr. Rajesh Katragadda (DIN 02727491) as Independent Director for another term of 5 years w.e.f. 21st December, 2019 , subject to approval of shareholders in the General Meeting. 2. Re-appointed Mr. L N Ramakrishna (DIN 03623543) as the Managing Director of the Company for further term of 3 years w.e.f. 1st December, 2019, subject to the approval of the shareholders by way of special resolution in the General Meeting.