This is in continuation to our disclosure of proceeding of 34th Annual General Meeting held today viz. September 26, 2022 ('AGM'). In this regard, pursuant to Regulation 30 of the Listing Regulations, following are the changes in the Company's Board of Directors, effective today: - Mr. Bhagwan Das Narang (DIN: 00826573), ceases to be the Independent Director of the Company, upon completion of his second term; and - Basis the votes cast by the shareholders at the AGM, Mr. Rakesh Mohan (DIN - 07352915) vacates office of Independent Director of the Company. Consequent to the above vacation of office of Directors, the Board Strength of the Company has reduced to 2 (two) Directors, which is below the minimum required strength of three Directors at stipulated under the applicable provisions of Companies Act 2013. The Board shall take necessary steps for complying with the requirement of the Companies Act, 2013 in respect of the number of Directors on the Board.