In continuation to our letter dated Monday August 8, 2022 and pursuant to Regulation 30 of
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 we would like to inform you that based on the recommendation of the Audit
Committee of the Company, the Board of Directors of the Company at its meeting held Monday
August 8, 2022, approved the re-appointment of M/s G M Kapadia & Co., Statutory Auditors of
the company to hold the office for a second term of 5 (Five) consecutive years from the conclusion
of this 50th Annual General Meeting until the conclusion of the 55th Annual General Meeting of
the Company, subject to the approval of the members of the Company.