In terms of Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Nomination and Remuneration Committee Meeting was held on 9th February 2019 and on their recommendation, the Board of Directors of HB Stockholdings Limited approved the following: Appointment of Mr. Jag Mohan Lal Suri, as Manager designated as Executive Director (Operations) in terms of Sec 2 (53) read with Section 196 of the Companies Act, 2013, with effect from 15th February 2019 for a period of three years on the terms and conditions as approved by the Board of Director of the Company. The appointment of Mr. J M L Suri as Manager shall be subject to the approval of the Shareholders in the upcoming General Meeting and also subject to such other approvals as may be required in this regard.