Dear Sir(s), Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulation'), we wish to inform that the Board of Directors of the Company in its meeting held today i.e. on September 07, 2020 approved the following: 1.Appointment Mr. Ashok Padmane (Din no.: 008765270), aged 54 years, having an overall experience of 31 years in the field of Banking, Investment and Finance as an Additional, Independent Director of the Company subject to the provisions of Companies Act, 2013 and as a Chairperson of Audit Committee and Stakeholders Relationship Committee, and as a member of Nomination and Remuneration Committee and as enclosed