Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with SEBI Circular we wish to inform that based on the recommendation of the Audit Committee, the Board of Directors at their meeting held today i.e. August 17, 2023 recommended to the shareholders of the Company, appointment of M/s. Jayantilal Thakkar & Co., Chartered Accountants (ICAI Firm Registration No. 104133W) as the Statutory Auditors of the Company for a period of five years commencing from the conclusion of 39th Annual General Meeting of the Company till the conclusion of the 44th Annual General Meeting of the Company.