Announcement under Regulation 30 (LODR)-Change in Directorate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 this is to inform you that the term of Mr. N. Srinath (DIN: 00058133) who was re-appointed as a Managing Director and Key Managerial Personnel of the Company for a period of two months from February 1 2020 upto March 31 2020 ends on March 31 2020. Accordingly Mr. Srinath ceases to be Managing Director and Director of the Company with effect from close of business on March 31 2020.

It is also informed that the Board of Directors of the Company has appointed Mr. Srinath as Additional Director (Non-Executive Non-Independent) on the Board of the Company with effect from April 1 2020.