With reference to the captioned subject and in compliance with regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we would like to inform you that the board of directors in their meeting dated 31 August 2023, based on the recommendation of Nomination and Remuneration Committee, appointed Mr. Dilen Gandhi as Managing Director, w.e.f 01 September 2023, subject to approval of shareholders.