The Board of Directors of Prajay Engineers Syndicate Limited in their meeting held on the April 25, 2019 approved the resignation of Mr. Dantapalli Rohit Reddy for the position of Chairman - Managing Director-CEO; change in designation of Mr. Dantapalli Rohit Reddy from Chairman-Managing Director -CEO to Non-executive Director; appointed Mr. Dantapalli Vijaysen Reddy as Additional Director of the Company effective April 25, 2019, subject to the approval of shareholders in the upcoming general meeting appointed Mr. Dantapalli Vijayasen Reddy as Chairman Managing Director of the Company for 3 years effective April 26, 2019 without any remuneration. There is a change in directorate of the Company in view of resignation of Mr. Dantapalli Rohit Reddy for the position of the Chairman-Managing Director-CEO. However, he expressed his willingness to continue on the board as Director of the Company.

The Board considered the same and approved the change in his designation from Chairman- Managing Director-CEO to Non-executive Director of the Company. Mr. Dantapalli Vijaysen Reddy is Promoter of Prajay Engineeres Syndicate Limited. He is a Semi-qualified Chartered Accountant, has more than three decades of rich and varied experience in the Real Estate and Construction and Development Industry and he was previously acted as Whole-Time Director and Managing Directors.