Pursuant to Regulation 17(1) and Regulation 30 read with Schedule III Part A (7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that on recommendation of members of Nomination and Remuneration Committee, the Board of Directors of the Company at its meeting held today i.e. 23rd March, 2020 has appointed Ms. Kruti Kothari as an additional director of the Company in the capacity of Independent Woman Director with immediate effect. Further, in accordance with the provisions of Section 149 and 161 of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, Ms. Kruti Kothari shall hold office up to the date of next annual general meeting of the Company. The detail as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September, 2015 are attached as 'Annexure A' to this letter of intimation.