Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform that on the recommendation of the Nomination & Remuneration Committee, the Board of Directors at its meeting held today, i.e., 12th February, 2024 has re-appointed Mr. Shri Krishan Saraf as the Managing Director of the Company for a further period of 3 years with effect from 01st April, 2024