Pursuant to Regulation 30 of the Listing (Obligations & Disclosure Requirements) Regulations, 2015, this is to inform that, the Board of Directors (on the recommendation of the Nomination and Remuneration Committee), approved the re-appointment of Mr. Sandip S Zaveri as Managing Director of the Company for a period of 5 years commencing from 1st October 2019, subject to approval of the members. The existing term of appointment of Mr. Sandip S Zaveri expires on 1st October 2019.