Cessation of 3 Independent Directors

This is with reference to MOPNG letter No C-31033/5/2018-CA/FTS:26192 dated 20.11.2018 regarding extension of Tenure of Independent Directors. The same was also informed to the stock Exchange vide letter dated 20.11.2018.

It is to inform that, consequent upon completion of existing tenure of Shri Anupam Kulshreshtha, Shri Sanjay Tandon & Shri S K Srivastava, Independent Directors on 18.11.2019, they ceased to be Directors on the Board of the Company.

Further, no order has been received from MOPNG regarding the extension of their existing tenure.

This is in compliance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The above is for your information and records.