Pursuant to regulation 30 read with Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015, we hereby inform you that the board of directors discussed on the captioned subject and recommended a payment of dividend at the rate of 60% i.e. Rs. 3.00 per share of Rs. 5.00 each, for the year ended on 31st March, 2026, subject to Members approval at the ensuing Annual General Meeting. The Board meeting commenced at 11:30 a.m. and concluded at 04:30 p.m.