Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III (PART A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to the above subject, we would like to inform you that the Board of Directors has today, inter alia approved: (i) Re-appointment of Mr. Navin Doshi (DIN: 00232287) as the Managing Director of the Company for a period of 5 years, subject to consent of the shareholders in the ensuing Annual General Meeting of the company. (ii) Re-appointment of Mr. Kishor Mehta (DIN: 00235120) as a Whole-time Director of the Company for a period of 5 years, subject to consent of the shareholders in the ensuing Annual General Meeting of the company.