BSE - Corporate Announcement

With reference to the subject mentioned above, we hereby write to inform you that the Board of Directors of the Company in its meeting held today, May 17, 2022, inter alia, has considered and approved the following:

1. Audited financial results of the Company for the quarter and the year ended March 31, 2022 as recommended by the Audit Committee at its meeting held today, May 17, 2022.

2. Recommended a dividend of Re.1.20 per equity share of Rs. 10 each for the financial year ended March 31, 2022, which is subject to approval of the members at the ensuing Annual General Meeting.

We attach herewith copy of the audited financial results for the quarter and year ended March 31, 2022 along with the Auditor''s Report on Quarterly financial results and year to date results for the year ended March 31, 2022 as Annexure 1.