Shri Y. P. Trivedi, an Independent Director of the Company, has demitted his office as a Director of the Company effective from the conclusion of the 44th AGM (Post IPO) held on June 24, 2021, due to health reasons. Shri Trivedi has confirmed that there is no other reason for demitting his office as Director of the Company. Shri Trivedi joined the Board of Directors of the Company in 1992. The Board of Directors have on June 24, 2021 approved the appointment of H.E. Yasir Al-Rumayyan, as an Additional Director of the Company, designated as an Independent Director. The appointment of H.E. Yasir Al- Rumayyan as an Independent Director shall take effect from the date of his obtaining the DIN and completion of other formalities relating to his appointment as an Independent Director. H.E. Yasir Al-Rumayyan, is not related to any Director of the Company. We hereby confirm that he is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.