Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015

The Board of Directors of the Company held to-day
following recommendation of Nomination and Remuneration Committee of the Directors at their meeting also held to-day and subject to necessary approvals and permissions including that of shareholders of the Company by Special Resolution wherever applicable at their next General Meeting Chairman Mr Shishir Kumar Bajoria (DIN : 00084004) and Managing Director Mr Pradeep Bajoria (DIN : 00084031) of the Company who will cease to hold their office at the close of Tuesday 31st March2020 have been reappointed for further period of 3(three) years on and from Wednesday 1st April 2020 on remuneration and other terms and conditions as may be negotiated and finalised between them and the Company in accordance with provisions of Sections 197 198 203 and other applicable sections read with Schedule V of the Companies Act 2013 and rules framed thereunder.