The Company at its meeting held on 21st June, 2024 considered and accepted the cessation of directorship of Mr. V. Ravichandar (DIN:00634180) as an Independent Director and Chairman with effect from closure of business hours on 24th June, 2024. Consequently , the Board of Directors appointed Mr. B. Jayaraman (DIN: 00022567), Independent Director as Chairman effective from 25th June, 2024