we wish to inform you that the Board of Directors of the Company at their meeting held today, have, inter alia, approved the followings : i. Continuation of Mr. Ravi Manchanda (DIN: 00152760) as Managing Director of the Company beyond 70 years of age in accordance with Section 196(3) of the Companies Act, 2013 and his re-appointment as Managing Director of the Company for a further period of two years w.e.f. 27th April, 2023. ii. Appointment of Mrs. Asha Saxena (DIN: 08079652) as an Additional Director (Non-Executive Non Independent). iii. Re-designation of Mrs. Sushma Sagar (DIN: 02582144) from Non-Executive Director to Non-Executive Independent Director of the Company for a period of 5 years with effect from 22.07.2022 till 21.07.2027. iv. Approval for setting up 200 KLPD Grain based Ethanol Distillery Plant at Hamira, Distt. Kapurthala, Punjab -144802.