The Board Members in meeting held today has decided to defer the declaration of an Interim Dividend. While the Company continues to maintain health financial position and robust liquidity, the Board intends to preseve capital as of now to provide necessary flexibility to the Company to evaluate other potential strategic avenues / corporate actions which can maximize long-term shareholder value. Further, the Board may evaluate this at an appropriate time and decision, if any, thereon shall be intimated by the Company to Stock Exchanges.