We wish to inform you that based on the recommendations of the Nomination and Remuneration Committee the Board of Directors of the Company at its meeting held on 29th May 2023 has inter-alia considered and approved the following subject to the approval of shareholders: 1. Re-appointment of Shri Hari Kishan Lohia (DIN: 00081055) as Whole-time Director (Retail Trade) for a further period of three years w.e.f. 15th April 2023 (present term expired on 14th April 2023); 2. Re-appointment of Shri Mahesh Kumar Bajaj (DIN: 00080157) as Whole-time Director (Institutional Trade) for a further period of three years w.e.f. 15th April 2023 (present term expired on 14th April 2023).3. Re-appointment of Shri Rajesh Kumar Bajaj (DIN: 00080664) as Whole-time Director (Research) for a further period of three years w.e.f. 15th April 2023 (present term expired on 14th April 2023)