Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that M/s Hitesh Prakash Shah & Co. vide its letter dated August 31, 2019 have resigned as Statutory Auditors of the Company with effect from August 31, 2019.

In the resignation letter submitted by the Auditors, they have cited the following reasons for their resignation:

Change in management of the Company

Furthermore, Internal Auditors of the Company Krunal K. Vyas Chartered Accountants, has resigned w.e.f 31.08.2019, due to time constraint.