In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, and based on the recommendation of the Nomination and Remuneration Committee ("NRC"), the Board of Directors at its meeting held today, i.e. 18th May, 2022, has approved appointment of Mr. Chandrakant Chitalia (DIN: 05240994) as Managing Director and Chief Financial Officer of the Company and Mrs. Hasumati Chitalia (DIN:03308172) as Whole Time Director of the Company, with effect from the conclusion of the Board Meeting held on 18th May, 2022, subject to shareholders approval at the ensuing Annual General Meeting of the Company. Further, we wish to inform that Board of Directors in their meeting held on 18th May, 2022, have accepted resignation of Mr. Ketu Parikh (DIN: 00185343) as Managing Director and CFO of the Company and Mr. Shailesh Muknak (DIN:08480694) as Independent Director of the Company, with effect from the conclusion of the Board Meeting held on 18th May, 2022.