Further to our communication dated 31st October, 2023 on this subject and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with Schedule III A 7, we hereby inform you that the Board of Directors, at its meeting held today, based on the recommendation of the Compensation & Nomination and Remuneration Committee, has approved the appointment of Mr. Sharad Mahendra as a Whole-time Director (Joint Managing Director & CEO - Designate) of the Company with effect from 1st December, 2023.