Pursuant to Regulation 30 read with Para A of Part A of schedule III of SEBI (Listing obligations and Disclosure Requirements) Regulations 2015, this is to inform you that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company in their meeting held on June 15, 2023 has inter alia considered and approved: 1. Appointment of Mr. Ravi Ramaiya (DIN: 03510258) as a Managing Director of the Company w.e.f. June 15, 2023 pursuant to re-designation from Non-Executive Director to Managing Director subject to approval of shareholders in forthcoming general meeting and other applicable provisions of the Companies Act, 2013 and the SEBI (Listing obligations and Disclosure Requirements) Regulations 2015, 2. Appointment of Mr. Ravi Ramaiya as the Chief Executive Officer of the Company w.e.f. June 15, 2023.