In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations") read with Part A of Schedule III of the Listing Regulations, we wish to inform you that the Board of Directors have at its meeting held today i.e. May 26, 2023, inter alia, approved the appointment of Mr. Gagan Mehta (DIN 00348775) as an additional Director (Independent), based on the recommendation of the Nomination and Remuneration Committee of the Company for a term of 5 years with effect from May 27, 2023, subject to the approval of the Members of the Company at the forthcoming annual general meeting. Details as required under Regulation 30 of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure A.