We write this to inform you that the Board of Directors of the Company at its meeting held on May 23, 2022, has, based on recommendations of the Nomination and Remuneration Committee, appointed the following directors: 1. Mr. Haruo Igarashi (DIN: 08587832), who has been nominated by Igarashi Electric Works Limited, Japan ['Promoter of the Company'], is being appointed as an Additional Director, Non-Executive and Non-Independent Director liable to retire by rotation with effect from May 24, 2022 subject to approval of the shareholders at 30th Annual General Meeting. 2. Mr. Thomas Francis Mckeough (DIN: 09510485) who has been nominated by Igarashi Electric Works Limited, Japan ['Promoter of the Company'], is being appointed as an Additional Director, Non-Executive and Non-Independent Director liable to retire by rotation with effect from May 24, 2022 subject to approval of the shareholders at 30th Annual General Meeting.