The Board of Directors of Spice Islands Apparels Limited at their meeting held on November 08, 2023 approved the appointment of Mrs. Shikha Bhura (DIN: 07799537) as an `Additional Director' in the category of Non-Executive
- Independent Director' of the Company. On the recommendation of the Nomination and Remuneration Committee, Board has considered and approved, the appointment of Mr. Sandeep Jamnadas Merchant (DIN: 05210128) as an `Additional Director' in the category of Whole Time Director' of the Company. On the recommendation of the Nomination and Remuneration Committee, Board has considered and approved, the appointment of Mr. Shivanand Hemmady (DIN: 00838098) as an `Additional Director' in the category of Non-Executive Independent Director' of the Company. B. A Hons. (Pol Sc), LL.M. (Business Law) Shikha is a strict negotiator and upright with her arguments. She is detailed with her approach and precise with her reasoning. She has experience in arguing matters before investigation authorities, judicial & quasi-judicial authorities, various tribunals, and conducting arbitration proceedings. Having considerable years of experience in Criminal and Civil Practice, gives her command over the subject. She started practicing in New Delhi for about 5 years after graduating in Law before moving to Mumbai. She has to her credit a working experience in the legal profession in Delhi and Mumbai with the required knowledge/information of practice in Supreme Court, High Court of Delhi and Bombay and in leading Tribunals at Delhi, Mumbai, Ahmedabad amongst others. Her expertise lies in matters related to criminal investigations, property/family disputes, economic offences, insolvency and various company related issues. Moreover, she has a passion for teaching. Whenever her schedule allows, she engages in taking guest lectures at various colleges. Mr. Sandeep Jamnadas Merchant has a deep knowledge of fund administration and investment philosophies, deep understanding of data analytics and _ technology, a formidable combination. Mr. Shivanand Hemmady is a Fellow Member of The Institute of Company Secretaries of India. Worked in senior position as Company Secretary for 30 years, having experience in Public Issues, Company Secretarial matters, legal/finance documentation, legal matters, dealt with Registrar of Companies, Company law Board, Regional Director, SEBI, Stock Exchanges, RBI, banks, financial Institutions and other authorities. Dealt with various Banks/financial Institutions, viz. GIC, LIC, NIAC, OIC, NIC, ICICI BANK, BANK OF INDIA, IDBI, ALLAHABAD BANK, S B of Hyderabad and others and arranged finance for corporate for 10 years. Dealt with RBI with regard to approval for Foreign Collaboration Agreement, remittance, Swiss Credit, Joint Venture etc. for 5 years. Dealt with various Central [State Government Departments. Handled mega Public Issues. Handled compliance of 40 group companies, including 4 listed companies. Registration of many trademarks of group companies in India and foreign, their renewals. Attended court cases at Hon'ble High courts and lower courts.