We wish to inform you that the Board of Directors of the Company at its meeting held on February 6 2020 has approved the re-appointment of Mr. Ravindra Dhariwal (DIN: 00003922) as an Independent Director based on the recommendation of the Nomination and Remuneration Committee for a second term of 3 (three) consecutive years commencing from May 27 2020 up to May 26 2023 subject to approval of Members of the Company through Postal Ballot.