1. Rustom Desai as an Additional Director on the Board of the Company in the category of a Non- Executive and Independent Director w.e.f. 23 January 2017 upto the date of the next Annual General Meeting;

2. Satish C Rangani as an Additional Director on the Board of the Company in the category of a Whole -Time Director, designated Executive and Company Secretary w.e.f. 24 January 2017 upto the date of the next Annual General Meeting;

Rustom Desai will also be a member of the Nomination & Remuneration Committee and Risk & Business Strategy Committee.