Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 this is to inform you that the Board of Directors on recommendation of Nomination and Remuneration cum Compensation Committee in their meeting held on March 23 2020 inter alia approved the reappointment of Mr. Desh Deepak Khetrapal (DIN 02362633) as Managing Director & CEO of the Company for a period of two years effective April 1 2020 till March 31 2022 subject to the approval of shareholders at the forthcoming Annual General Meeting.