Subsequent to our letter dated November 14, 2025, we hereby inform you that in continuation of the directions of the Board of Directors, a comprehensive legal opinion has been obtained and placed before the Board in its meeting held on January 23, 2026 for review and to form an opinion and issue further directions.\r\n\r\nWe hereby inform you that the Board, in its aforesaid meeting, considered the said legal opinion and opined that the power to determine the citizenship status of Mr. Surinder Paul Kanwar, Chairman and Managing Director of the Company vests exclusively with Central Government and, accordingly, concluded that until any direction or order is issued by the Central Government in respect of his citizenship status, the citizenship status of Mr. Surinder Paul Kanwar, Chairman and Managing Director of the Company, continues to remain unchanged and he shall be regarded as a citizen of India. Thus, he shall continue to discharge his responsibilities as Chairman and Managing Director.\r\n