Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the SEBI Listing Regulations'), we wish to inform you that the term of the Manager of the Company, Shri Rajesh G Patel, will expire on 28th May, 2023. The Board, on the recommendation of the Nomination and Remuneration Committee, has approved the re-appointment of Shri Rajesh G Patel as the Manager of the Company at its meeting held on 24th May, 2023 for a further term of 5 years w.e.f. 29th May, 2023. We are enclosing herewith the information as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD4/2015 dated 9th September, 2015 in Annexure 1.