Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\Listing Regulations\) read with Part A of Schedule III to the said Regulations, we hereby inform that the Board had approved the re-appointment of Mr. Ajit Kumar Lakra as Managing Director of the Company, attaining age of 72 years, subject to approval of shareholders of the Company in Extra-ordinary General meeting is to be scheduled to held on 24th January, 2023 at 10:00 am at its registered office C-5, Phase V, Focal Point, Ludhiana.\r\n\r\nThe Board meeting was commenced at 02:00 pm and concluded at 04:00 pm.