With reference to the captioned subject and in terms of the Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 we would like to inform you that Board of Directors at its Meeting held on 30th December, 2024, inter-alia, has considered and approved the re-appointment of Mr. Subhash Chand Sethi on the Board of the Company as Chairman and Whole Time Director w.e.f. 01st January, 2025, subject to the approval of shareholders