The Board of Directors on the recommendation of Audit Committee but subject to the approval of shareholders to be obtained at the General Meeting of the Company have recommended the appointment of M/s Rajesh B Mangla & Associates (FRN-011944N) as statutory auditor of the Company for first term of 5 (five) consecutive years from the conclusion of the 32nd Annual General Meeting till the conclusion of the 37th Annual General Meeting to be held in the year 2031.