Change in Directorate

Pursuant to Regulation 30(2) read with Schedule III of the SEBI (LODR) Regulations, 2015 we hereby inform that Mr. Neetesh Gupta (DIN: 06689342), Independent Director of the Company vide his letter dated 02nd May, 2017 has tendered his resignation from the office of Independent Director w.e.f. 10th May, 2017 and same has been acknowledged by the Company on 02nd May, 2017. We hereby further inform that due to his resignation from the Office of Independent Director, his membership from the various committees of the Board will also be ceased w.e.f. 10th May, 2017.