Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that as recommended by the Nomination and Remuneration Committee, the Board of Directors at their meeting held on 01.02.2018 have re-appointed Mr. Murty Gudipati as Executive Director and CEO with effect from 01st April, 2018 for the period commencing from 01.04.2018 to 31.03.2021, subject to approval of the shareholders of the company.