we wish to intimate you that the Board, has in its meeting held on June 27, 2019, considered and decided the following: 1.The Board of Directors of the Company has considered the proposal of the raising of funds. After deliberations, the Board took a decision to defer it and the same will be considered at a later date. 2.Approved change in role and designation of Mr. Manoj Jain from Chief Financial Officer (CFO) to the role of a Business Head. 3.Elevation of Mr. Subramanian Ramakrishnan from the post of Dy. CFO to CFO of the Company. A brief profile of Mr. Subramanian Ramakrishnan is annexed as Annexure-A. The meeting of the Board of Directors commenced at 3.15 P.M. and concluded at 6.30 P.M.