AS PER SECTION 102 OF THE COMPANIES ACT 2013

The Board of Directors (based on the recommendaon of Nominaon and Remuneraon Commi ee)had appointed Mr. Jayesh Jayanlal Pandya (DIN: 02030546) as an Addional Director w. e. fAugust 13 2018. In terms of Secon 161 (1) of the Companies Act 2013 read with Arcles ofAssociaon of the Company Mr. Jayesh Pandya holds the o ce as an Addional Director up tothe date of the forthcoming Annual General Meeng scheduled to be held on Saturday 29thSeptember 2018.

The Company has received a noce pursuant to Secon 160 of the Companies Act 2013 fromone of the members signifying his intenon to propose the appointment of Mr. Jayesh Pandyaas a Director.

Mr. Jayesh Pandya is not disquali ed from being appointed as a Director in terms ofSecon 164 of the Act and has giv en his consent in wring to act as Director. MoreoverCopy of the dra formal let ter for appointment of Mr. Jayesh Pandya as a Director seng outthe terms and condions are available for inspecon by members at the Registered O ce of theCompany.

The Board of Directors is of the opinion that his rich knowledge in managing andregulang the Organizaonal a airs will be of great signi cance to the Company and hencerecommends the Resoluon at Item No. 3 of this Noce for your approval. Noce received underSecon 160 of the Companies Act 2013 is available for inspecon by the members at theRegistered O ce of the Company during the business hours on any working day up to the dateof the Annual General Meeng.

None of the Directors Key Managerial Personnel and relav es thereof is concerned orinterested in the Resoluon at Item No. 3 of the Noce.

The Audit Commi ee and the Board of Directors of the Company at their respecv e meengsheld on 24 th May 2018 has approved a proposal for entering into following related partytransacons:

The transacon would fall under material Related Party Transacon and in terms of Secon188 of the Companies Act 2013 and regulaon 23 of Securies and Exchange Board of India(Lisng Obligaons and Disclosure Requirements) Regulaons 2015 and the applicable rulesthere under requires prior approval of the Shareholders by way of Special Resoluon.

Except Mrs. Hina Patel and Mr. Swetank Patel none of the Directors or Key ManagerialPersonnel (KMP) or relav es of Directors and KMPs is concerned or interested in theResoluon.