This is to inform you that the Board of Directors of the Company at their meeting held today i.e. August 03 2022 has inter-alia on the recommendation of Nomination and Remuneration Committee approved the re-appointment of Mr. Shailendra Kumar Tripathi (DIN: 03156123) as Managing Director & CEO of the Company for a period of 3 (three) years commencing from October 22 2022 to October 21 2025 (both days inclusive) subject to the approval of the members of the Company.