This is to inform you that pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Audit Committee and the Board of Directors at their respective meetings held today, i.e. Monday, May 30, 2022 has recommended the reappointment of M/s. Govind Prasad & Co., Chartered Accountants, Mumbai (ICAI Firm Registration Number 114360W), as the Statutory Auditors of the Company for a term of five years commencing from the conclusion of 48th Annual General Meeting to be held in the year 2022, till the conclusion of the 53rd AGM to be held in the year 2027, which shall be subject to approval by shareholders at an ensuing AGM.