This is to inform you that the Board of Directors, at its meeting held on May 31, 2021, has approved the following: 1. Mr. Nilesh Rawat (DIN:06705140) has resigned from the post of Director and Managing Director with effect from May 31, 2021 due to pre occupation. 2. Mr. Raghava Reddy Balineni (DIN: 0009185972) has been appointed as Additional Director and Managing Director for a period of 5 years with effect from May 31, 2021 subject to approval of the members at the ensuing Annual General Meeting of the Company. Pursuant to SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, his brief profile is enclosed herewith as Annexure - 1. Further, in compliance with Circular no. LIST/COMP/14/2018-19 issued by BSE Limited, we wish to confirm that Mr. Raghava Reddy Balineni has not been debarred from holding the office of Director by virtue of any SEBI order or any other authority.