We wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. September 24, 2020, inter-alia, has: 1) Approved the appointment of Mr. Vivek Jain as an Additional Director of the Company w.e.f. September 24, 2020 designated as an Independent Director. 2) Noted that Mr. Gagan Kumar has ceased to be a Director and Chairman of the Board of the Company w.e.f. September 24, 2020, consequent upon completion of his second term as Independent Director. 3) Appointed Mr. Lalit Kumar Jain, an Independent Director as the Chairman of the Board of Directors of the Company. You are requested to take the same on record.