The Board of Directors of the Company at its meeting held on May 11, 2023, has inter alia approved the following: 1. Re-appointment of Mr. Davuluri Sucheth Rao (DIN: 00108880) as Whole Time Director of the Company designated as Vice Chairman & CEO, for a further period of 5 (five) years, w.e.f. August 1, 2023, basis the recommendation of the Nomination and Remuneration Committee, subject to the approval of the shareholders of the Company in the ensuing Annual General Meeting. 2. Re-appointment of Dr. Davuluri Rama Mohan Rao (DIN: 00107737) as Whole Time Director of the Company designated as Executive Chairman, for a further period of 5 (five) years, w.e.f. April 1, 2024, basis the recommendation of the Nomination and Remuneration Committee, subject to the approval of the shareholders of the Company in the ensuing Annual General Meeting.