K G Denim Limited informed that the Board of Directors of the Company at its meeting held on 1 April 2023 have considered and approved the appointment of Shri Duraipandian Kumaravel (DIN: 00004827) as an Additional Director of the Company in the capacity of a Non-Executive Independent Director with effect from 1 April 2023, subject to the approval of shareholders. Shri Duraipandian Kumaravel (DIN: 00004827) is not debarred from holding the office of the Director by virtue of any order of the SEBI or any other statutory authority under any laws. The company approved the retirement of Shri M B N Rao (DIN: 00287260) from the position of Non-Executive Independent Director of the Company consequent to the completion of his first term of five consecutive years with effect from March 31, 2023. The Board of Directors has decided to conduct a postal ballot process to seek the approval of the Members for the aforesaid appointment of an additional director. Further, the Board of Directors has appointed Mr. M D Selvaraj, Managing Partner of MDS & Associates LLP, Company Secretaries, Coimbatore as the Scrutinizer for conducting the postal ballot process in a fair and transparent manner and for ascertaining the requisite majority. Shri Duraipandian Kumaravel, S/o.
Duraipandian aged 70 years, is a graduate of Economics and a businessman having varied Experience in trade and administration. He is currently engaged in the printing and
publishing industry. He is the President of the Coimbatore Master Printers Association and Tamil Nadu Master Printers Federation. His association with the Company as a Director will be beneficial to the Company.