In furtherance to our letter dated 8th February, 2024 and pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations, 2015"), please find enclosed herewith the copy of Postal Ballot Notice along with the Explanatory Statement dated 8th February, 2024, which is being sent to the members of the Company to seek approval by way of remote e-voting in respect of the special business as set out in the Postal Ballot Notice by way of Ordinary Resolutions for (1) Elevation and Re-designation of Mr. Suraj Bhandari (DIN: 0729523) from Whole-time Director to Managing Director with effect from 9th February, 2024 and (2) Re-designation of Mr. Shailesh Bhandari (DIN: 00058866), Managing Director as Executive Vice Chairman with effect from 9th February, 2024.