Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015 (Listing Regulation), this is to inform that, pursuant to the recommendation of the Audit Committee, the Board of Directors of the Company in their meeting held on 29th May,2023, have considered and recommended to the members for their approval at the ensuing Annual General Meeting, the appointment of M/s Gupta Rustagi & Co., Chartered Accountants (Firm Registration No. 128701W) as Statutory Auditors of the Company, for a period of 5 (Five) years from the conclusion of the 42nd Annual General Meeting for the F.Y. 2022-23 till the conclusion of the 47th Annual General Meeting for F.Y. 2027-28, subject to approval of the Members. The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/ 4/2015 dated 9th September, 2015 are given in "Annexure A" to this letter.