We wish to inform you that, the Board of directors of the Company at its meeting held on today, Saturday, January 6, 2024, has considered and approved the Re-appointment of Mr. Mohammedyaseen Muhammedbhai Nathani as a Managing Director and Mr. Mohamedamin Mohammed Nathani as a Whole Time Director of the Company for a period of 5 years effective from January 6, 2024 to January 5, 2029, subject to approval of shareholders.