Board of Directors of the Company at their meeting held on Thursday, May 25, 2023, on the recommendation of the Nomination and Remuneration Committee, has considered and approved the appointment of Mr. Rajiv Maliwal (DIN: 00869035), as an Independent Director (Additional Director in terms of Section 161 of the Companies Act, 2013) for a term of three (3) years with effect from May 25, 2023, subject to the approval of shareholders of the Company and that he shall not be liable to retire by rotation.