In pursuance of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, please be informed that the Board of Directors at its meeting held today i.e., Friday, September 27, 2019, had inter alia considered and approved the following business: 1. The Board has appointed Mr. Shyam Powar as Additional Director (Non-Executive Independent Category) of the Company w.e.f September 27, 2019. Mr. Shyam Powar is a Chemical Engineer and also has obtained a Masters in Business Administration. Mr. Shyam Powar has more than 2 decades of experience in Mergers & Acquisition, Debt Restructuring, Takeovers, Private Equity and IPO advisory services. Mr. Shyam Powar has confirmed that he is not debarred from holding the office of Director by virtue of any Order of SEBI or of any other such authority. The aforesaid Board Meeting commenced at 10:45 A.M. and concluded at 11:20 A.M. on September 27, 2019.