Sir / Madam, With reference to the subject, this is to inform you that at the meeting of the Board of Directors of the Company held on 05.07.2023 at 7.15 P.M. at the registered office of the Company at 509, Loha Bhavan, 93, P. D'' Mello Road, Carnac Bunder, Mumbai - 400009, the following was considered and approved by the Board: 1. Appointment of Suvarna Ramchandra Shinde as an Additional Director (Independent Director) on the Board:- Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 14th January 2020, we hereby inform you that the Board of Directors at its meeting held on 05.07.2023, based on the recommendation of the Nomination and Remuneration Committee, has approved to appoint Suvarna Ramchandra Shinde (DIN: 09751614) as an 'Additional Director' (Independent Director) w.e.f. 05.07.2023 for a period of 5 Years, subject to the approval of the shareholders of the Company.