Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today, i.e. on September 04, 2020: appointed Mr. Rajiv Rattan, a Promoter and part of the Promoter Group, earlier a non-executive Director and non-executive Chairman, as an Executive Director & Executive Chairman of the Company for a period of five years with immediate effect i.e from September 4, 2020, based on recommendation of the Nomination and Remuneration Committee. The appointment shall be subject to ratification by the members at the Annual General Meeting as aforementioned. The details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09.09.2015, w.r.t appointment of Mr. Rajiv Rattan, are enclosed as an Annexure 'A'.