Intimation for Appointment of Ms. Rina Suresh Deora as an Additional Independent Director of the Company is attached.
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Cravatex Ltd has appointed Ms. Rina Suresh Deora (DIN: 00774812) as an Additional Independent Director (Non-Executive) on the Board, effective 20 May 2025. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board at its meeting held on 19 May 2025. She will serve for an initial term of 5 consecutive years, up to 19 May 2030, subject to shareholder approval. Ms. Rina, aged 59, is a B.Com graduate from Bombay University with a Diploma in Journalism, and currently serves as a Director at Bombay Ampoules Pvt Ltd and Deo Credit Capital Pvt Ltd. She meets the independence criteria under the Companies Act, 2013 and SEBI Listing Regulations, and is not debarred from holding a directorship by SEBI or any other authority.
This is a routine board-level governance update and is unlikely to have any material impact on the stock price or shareholder value. It strengthens the Board's independent oversight, which is viewed positively from a corporate governance standpoint.