This has reference to the request dated 23rd April 2020 received by the Company from certain members of Promoter & Promoter Group of the Company filed with your goodselves on 24th April 2020 seeking reclassification as public under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations).
We wish to inform that the said request for reclassification was approved by the Board at its meeting held on 27th April 2020 and by the members of the Company at 32nd Annual General Meeting of the Company held on 29th July 2020.
Further pursuant to Regulation 31A of the Listing Regulations we have submitted an application for the aforesaid purpose with the BSE Limited and National Stock Exchange of India Limited on 25th August 2020 seeking their approval.
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