In terms of the provisions of Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the Board of Directors of the Company at its meeting held today instant i.e. 22nd May, 2023, have inter-alia transacted the following matters: 1. Considered and approved the Audited Standalone & Consolidated Financial Results of the Company for the quarter and year ended on 31st March, 2023. 2. Recommended dividend @ 25 % i.e. Re. 0.25 per Equity Share (face value of Re. 1/- each) of the Company for the year ended 31st March, 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting ('AGM') of the Company. 3. On the recommendation of the Nomination & Remuneration Committee, the Board has approved payment of the Commission of 5% on the net profits of the Company, for the financial year 2022-23, to Mr. Manan Shah.