This is to inform you that the Board of Directors of the Company in its meeting held today i.e. on Wednesday 29th June 2022 from 05:00 P.M. to 05:50 P.M. at the Registered Office of the Company inter alia has considered and approved following businesses:1. Change in designation of Mr. Ashok Chinubhai Shah (DIN: 02467830) pursuant to his unwillingness to continue as Managing Director due to pre occupancy elsewhere. However he will continue to hold office as a Non Executive Non Independent Director of the Company.2. Issue and allot equity shares of the Company by way of private placement on a preferential issue basis as attached. 3. Appointment of Mr. A. N. Gawade Registered Valuer for conducting valuation for determining fair price of proposed preferential issue of shares as mentioned above.