Changes in the composition of the Board of Directors: Mr. Prakash Apte has ceased to be the Part-time Chairman, Mr. C S Rajan has assumed the office as the Part-time Chairman, Mr. Dipak Gupta has ceased to be the Managing Director & CEO, Mr. Ashok Vaswani has assumed the office as the Managing Director & CEO, and Mr. Eli Leenaars has assumed the position as an Independent Director.