This is to inform that Board of Directors of the Company at their meeting held on 31st January, 2023, has considered and approved the Postal Ballot Notice pursuant to Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014, for seeking approval of the Members of the Company on the following Item: Re-appointment of Mr. Shriram S. Dandekar (DIN: 01056318) as Director in Whole-time employment designated as 'Vice- Chairman & Executive Director' for a period of one (1) year effective from 1st February, 2023 to 31st January, 2024 and remuneration payable to him.