CARE Ratings Limited informed that Mr. Ananth Narayan Gopalakrishnan (DIN: 05250681), Non-Executive Independent Director of the Company, vide letter dated September 5, 2022, has tendered his resignation from the Board of the Company from the closure of business hours of September 5, 2022, pursuant to his appointment as Whole-time Member of Securities and Exchange Board of India. The resignation letter with reason as indicated above is enclosed. Mr. Ananth Narayan Gopalakrishnan in his letter has also confirmed that there is no other reason for his resignation other than the one mentioned in the resignation letter.