The Board approved and recommended to the shareholders the re-appointment of M/s. M Anandam & Co"Chartered Accountants (Firm Registration Number 000125S) as the Statutory Auditors of the Company for the second term of five (5) consecutive years who shall hold the office from the conclusion of the ensuing 25th Annual General Meeting (AGM) of the Company till the conclusion of the 30th Annual General Meeting (AGM) of the Company.