The term of appointment Mr. Mahendra Kumar Doogar as Independent Director of the Company has expired on 31.03.2021, accordingly he has ceased to be an independent director of the Company effective 01.04.2021. The Board places on record its sincere appreciation for the valuable advice and guidance of Mr. Mahendra Kumar Doogar during his tenure as Director of the Company.

During the period under review, keeping in view the performance of Mr. Deepak Thombre, as Independent Director on the Board and post receipt of necessary declarations in terms of the provisions of Companies Act, 2013 read with its rules made thereunder and listing regulations and upon recommendation of the Nomination and Remuneration Committee, the Board of Directors has re-appointed Mr. Deepak Thombre as an Independent Director of the Company for another term of 2 years w.e.f September 19, 2020 subject to the approval of the Shareholders at the forthcoming Annual General Meeting of the Company.