Pursuant to the Regulation 17(lA) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (which is going to be effective from 01st April, 2019), the Board of Directors in their meeting held on 12th February, 2019, has decided to carry out postal ballot for seeking the approval of the shareholders by way of Special Resolution for the continuation of the appointments of following Independent Directors who have attained/will attain the age of 75 years w.e.f. 01.04.2019 until the expiry of their respective existing tenures.

Mr. Girish Narain Mehra, Independent Director for the remaining period of the term.
Mr. Keshav Chandra Agrawal, Independent Director for the remaining period of the term.
Mr. Subhash Chander Verma, Independent Director for the remaining period of the term.

Further, Notice of postal ballot and other details to be sent to all the members of the Company will be communicated to the stock exchange accordingly.

This is for your information and record please.