Shri Ninad D.Gupte, Dr.Bernd Dill, Shri Nimish U.Patel, Smt. Geeta A.Goradia, and Shri Hemant J.Bhatt are retiring as Independent Directors due to completion of tenure, while Mr. Maulik D.Mehta and Mr.Ramkisan A.Devidayal are appointed as Additional Directors designated as Independent Directors.