With reference to the letter received by the Company dated 27 March 2023, whereby Mr. Sudhir Ostwal, Ms. Shalini Jain and M/s. Sudhir Ostwal and Sons had requested their re-classification from the ''Promoter and Promoter Group'' category to the ''Public' category of shareholders of the Company and intimated to you on 27 March 2023, we hereby inform you that the Board of Directors of the Company in their meeting held yesterday, i.e., 19 April 2023 considered this Request. The Board of Directors took note of the Request and approved the re-classification of Mr. Sudhir Ostwal, Ms. Shalini Jain and M/s. Sudhir Ostwal and Sons as per the Request letters; subject to the approval of Stock Exchange and such other approvals as may be necessary, based on the reasons and confirmations provided therein, from the "Promoter and Promoter Group'' category to the ''Public' category. Please find enclosed a certified true copy of the relevant extracts of the minutes of the meeting of the Board of Directors.