We wish to inform that the Board of Directors of the Company at its Meeting held today i.e. February 1, 2023, based on the recommendation of the Nomination and Remuneration Committee, have approved the following matters:\r\n\r\na. Recommended to the members for approval of re-appointment of Ms. Padmini Khare Kaicker (DIN: 00296388) as an Independent Director for a second term of 5 (five) years with effect from April 1, 2023 upto March 31, 2028 (both days inclusive).\r\n\r\nb. Re-appointment of Mr. Zarir Langrana (DIN: 06362438) as an Executive Director with effective from April 1, 2023 upto February 28, 2024 (i.e. date of superannuation) (both days inclusive) subject to approval of the members.\r\n\r\nThe disclosures as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular on Continuous Disclosure Requirements for listed entities (SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015), concerning the above re-appointments are enclosed as Annexure I to this intimation.