Vaswani Industries Limited announced that Smt. Satyawati Parashar has resigned from the position of Independent Director of the company owing to her personal reasons and other professional commitments with effect from June 7, 2023. At board of director meeting held on June 7, 2023, the Board of Directors constituted a committee called Finance and Investment committee, as follows: Name of Committee members: Mr. Yashwant Vaswani-Wholetime Director as Chairman; Ashok Kumar Suri - Non-Executive - Independent Director as member; Rituraj Peswani- Non-Executive - Independent Director as member.

INTIMATION OF RECONSTITUTION OF COMMITTEES: Consequent upon resignation of Smt. Satyawati Parashar (DIN: 00761009), the reconstitution of all the Committees w.e.f. June, 07, 2023 are as follows: Audit Committee: Name of Committee Members: Yashwant Vaswani Executive Director- Member; Ashok Kumar Suri Non-Executive - Independent Director- Member; Rituraj Peswani Non-Executive - Independent Director- Chairperson. Nomination and Remuneration Committee: Satya Narayan Gupta Non- Executive Director- Member; Ashok Kumar Suri Non-Executive - Independent Director-Chairperson; Rituraj Peswani Non-Executive - Independent Director- Member.

Stakeholders Relationship Committee: Satya Narayan Gupta Non- Executive Director- Member; Ashok Kumar Suri Non-Executive - Independent Director- Member; Rituraj Peswani Non-Executive - Independent Director-Chairperson.