GHCL Textiles Limited announced that at its AGM held on September 9, 2023, appointed Dr. Manoj Vaish as an Independent Director of the Company for a period of two years with effect from March 6, 2023; appointed Mrs. Vijaylaxmi Joshi as an Independent Director of the Company for a period of two years with effect from March 6, 2023; appointed Mr. Arun Kumar Jain as an Independent Director of the Company for a period of two years with effect from March 6, 2023. Dr. Manoj Vaish holds office up to this upcoming Annual General Meeting. Now, members in their meeting held on September 9, 2023, has approved appointment and his appointment is valid up to March 5, 2025.

Dr. Manoj Vaish being a non- executive Independent Director of the Company entitled to receive sitting fee, reimbursement of expenses for participation in the Board and other meetings and profit related commission as may be determined by the Board of Directors upon recommendation of the Nomination and Remuneration Committee, within the overall approval given by the shareholders. Dr. Manoj Vaish (DOB ­ May 24, 1961) is a Non-Executive Independent Director of the Company. Dr. Vaish is B.Com.

(Hon.) from S.R.C.C. and M.B.A. (Major-Finance) from F.M.S., Delhi University and also Ph.D. He was awarded Dr. J. C. Ghosh Gold Medal for his MBA Examination. Dr. Vaish is having very rich experience of finance, forex and securities market and had served various organizations including BSE, Dun & Bradstreet, Deutsche Bank, NSDL Database Management Ltd. etc. He is also having good exposure of Financial Educations & Training, Sales & Marketing, Risk Management, Credit Ratings and e-governance etc.

At present Dr. Manoj Vaish serves as a Director on the Board of Mirae Asset Trustee Company Private Limited and GHCL Limited. He is chairman of the Audit Committee and member of the Nomination & Remuneration Committee of the Company. Mrs. Vijaylaxmi Joshi holds office up to this ensuing Annual General Meeting.

Now, members in their meeting held on September 9, 2023, has approved appointment and her appointment is valid up to March 5, 2025. Mrs. Vijaylaxmi Joshi being a non- executive Independent Director of the Company entitled to receive sitting fee, reimbursement of expenses for participation in the Board and other meetings and profit related commission as may be determined by the Board of Directors upon recommendation of the Nomination and Remuneration Committee, within the overall approval given by the shareholders. Mrs. Vijaylaxmi Joshi (DOB ­ August 1, 1958) is a Non-Executive Independent Director of the Company.

The Board of Directors in their meeting held on March 6, 2023 had appointed her as an additional director in the category of Independent Director. Mrs. Vijaylaxmi Joshi is a 1980 batch IAS officer of the Gujarat cadre and she had served in various posts in the State and in the Centre including Joint and Additional Secretary in the Commerce Ministry; Secretary in the Ministry of Panchayati Raj. She had also been appointed as Officer on Special Duty in the Ministry of Drinking Water and Sanitation.

Lastly, she was head of the Swachh Bharat Abhiyan, the Clean India programme. Under State level, she had also been deputed as Managing Director of Government Company such as Gujarat Mineral Development Corporation Ltd. At present Mrs. Joshi is Director on the Board of Adani Enterprises Limited and GHCL Limited. Mrs. Joshi is Chairperson of the Nomination & Remuneration Committee and CSR Committee of the Company and member of the Audit Committee of the Company.

Mr. Arun Kumar holds office up to this upcoming Annual General Meeting. Now, members in their meeting held on September 9, 2023, has approved appointment and his appointment is valid up to March 5, 2025. Mr. Arun Kumar Jain being a non- executive Independent Director of the Company entitled to receive sitting fee, reimbursement of expenses for participation in the Board and other meetings and profit related commission as may be determined by the Board of Directors upon recommendation of the Nomination and Remuneration Committee, within the overall approval given by the shareholders.

Mr. Arun Kumar Jain, Ex-IRS (DOB ­ January 4, 1956) and M. Sc., LL.B is a Non-Executive Independent Director of the Company. Mr. Jain is a retired Indian Revenue Service (IRS) officer and served in various posts under Department of Revenue including Chairman of Central Board of Direct Taxes. He is having a vast knowledge and experience in the field of taxation.

At present Mr. Jain is Director on the Board of GHCL Limited, M R Technofin Consultant Pvt. Ltd. and Sahara India Life Insurance Limited. Mr. Jain is Chairman of the Stakeholders' Relationship Committee, and Risk Management Committee of the Company and member of Audit Committee of the Company.