Pursuant to Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015, Section 139 of the Companies Act, 2013 and the rules made thereunder, we wish to inform that on the basis of recommendation of audit committee, the board of directors at it's meeting held today i.e, August 30th , 2022 has recommended to the shareholders of the company, the appointment of M/s A.M Reddy & D.R Reddy, Chartered Accountants (Firm Registration Number: 009068S) in place of M/s Ayyadevara & Co, Chartered Accountants (Firm Registration Number:000278S) the retiring auditors as the Statutory Auditors of the Company, subject to the approval of the members at the ensuing Annual General Meeting.