We refer to our letter dated 17th May, 2023 informing your esteemed Exchange of our Board Meeting to be held on Wednesday, the 24th May 2023 to, inter-alia, consider and take on record the audited stand alone and consolidated financial results of the Company for .the quarter/year ended 31st March, 2023 and to consider a proposal for recommending a dividend for the financial year 2022-23. In this connection, we wish to inform you that our Board at the above said meeting held today has recommended for approval of the shareholders at their 27th Annual General Meeting to be held in due course, a dividend at Rs.2/- per equity share (20%) on the 63,92,238 equity shares of Rs.10/- each of the company for the financial year 2022-23. We would request you to kindly take the above information on record