With reference to the above captioned subject, we would like to inform you that the Board of Director of the Company in their meeting held on today i.e Tuesday, April 04, 2023 inter-alia, have considered and approved the following agenda: 1. The Board of Directors of the Company proposes regularization of the Appointment of Mr. Sumit Pawar (DIN: 09779498) and Mr. Rajaram Gawde (DIN: 09784855) appointed as the Additional Directors of the Company w.e.f November 14, 2022, subject to approval of the members. 2. Appointment of Mr. Rajgopalan Iyenger (DIN: 00016496), as the Managing Director (MD) for a term of 5 (Five) years with effect from w.e.f. November 14, 2022, subject to approval of the members. 3. Consolidation of existing equity shares of the Company from 1 (One) equity share having face value of Rs. 1/- each (Rupees One Only) fully paid up into 1 (One) equity share having face value of Rs. 5/- each (Rupees Five Only) fully paid up, subject to approval of members.