Announcement under Regulation 30 (LODR)-Resignation of Director

Mr. Jitendra A Pandit (DIN 05359478) Independent Director of the Company since January 29 2013 and whose current term is expiring on March 31 2020 and who was re-appointed by the Members at the 39th Annual General Meeting of the Company for a second term of five years with effect from April 1 2020 has conveyed that due to his personal reasons he would not like to continue as Independent Director beyond the completion of his first term. Accordingly the tenure of Mr. Jitendra A Pandit as Director of the Company shall come to end on March 31 2020.