In terms of Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Jitendra R. Shroff (DIN: 00286329) as an additional Director and Mr. Sanjay N. Kapadia (DIN 00166573) as an additional Non-Executive Independent Director of the Company with effect from May 20, 2022. The requisite details of such appointment pursuant to the requirement of Regulation 30 of Listing Regulations read with SEBI circular dated September 9, 2015 are given as Annexure-1.