The Board of Directors at its meeting held on 21st March, 2024 approved the appointment of Mr. Shail Kapadia as an Independent Director for a term of 5 years w.e.f. 1st April, 2024. Mr. Dilip Kapadia will be completing his second term of Independent Director on 31st March, 2024. Accordingly, he shall cease to be an Independent Director of the Company.