Eastern Silk Industries Limited announced that the company was undergoing Corporate Insolvency Resolution Process ("CIRP")and subsequently the resolution plan ("Resolution Plan") submitted by the jointly of Mr. Ajay Bikram Singh along with Baumann Dekor Private Limited ("Successful Resolution Applicant") was approved by the Adjudicating Authority (intimation was given vide letter dated 1st February 2024 about the approval of the Resolution plan by the National Company Law Tribunal, Mumbai Bench and detailed order was received on 31st January 2024). As per the terms of the approved Resolution Plan, a monitoring committee ("Monitoring Committee") has been constituted, to oversee the implementation of the resolution plan. Change in Directors of the Company, due to Vacation of office of Existing Board of Directors, in terms of the approved Resolution Plan:- Name of the Directors: Mr. Madhu Kant Sharma, Mr. Pankaj Kumar Deorah, Mr. Sun deep Shah and Mr. Abhishek Haralalka Ms. Megha Shah.

All effective from March 11, 2024.