Knowledge Marine & Engineering Works Limited Considered and approved the appointment of Mr. Shailesh Bhambhani as an Additional Director in the capacity of Non- Executive Independent Director of the Company with effect from conclusion of the Board Meeting date 5 July 2023 . Considered and taken note of the Resignation of Mr. Sandip Zaveri (DIN: 00158876) as an Independent Director of the Company with effect from the date of resignation i.e, 3rd July 2023. Reason of resignation: Personal reasons and other pre occupancies only.

Consequent to change in the composition of the Board of Directors of the Company, the Board of Directors have approved the reconstitution of certain committees of the Board of Directors with effect from 5` July, 2023 as under: Name of the Member Designation in the Committee: Mr. Ashish Mohandas:Chairperson, Mrs. Kanak Kewalramani: Member, Mr.Shailesh Bhambhani: Member. (ii) Pursuant to Section 178 of the Companies Act, 2013 read with Regulation 19 of the Listing Regulations, the Board of Directors has reconstituted the Stakeholders' Relationship Committee of the Board of Directors as under: Name of the Membe: Designation in the Committee, Mrs. Kanak Kewalramani Chairperson, Mr. Shailesh Bhambhani Member, Mr. Saurabh Daswani Member. Pursuant to Section 178 of the Companies Act, 2013 read with Regulation 19 of the Listing Regulations, the Board of Directors has reconstituted the Nomination and Remuneration Committee of the Board of Directors as under: Name of the Member:Designation in the Committee, Mr. Ashish Mohandas: Chairperson, Mr. Jagat Jiban Biswas: Member, Mr. Shailesh Bhambhani: Member.

Mr. Shailesh Bhambhani is an experienced maritime professional since last 26 years in the Shipping Industry. He has been associated with Bergesen Worldwide group (BW group), Pool & Owners Singapore team(Singapore Group), Change XL, AfchemIndia, Director at Head of Chartering & Shipping Pte. Ltd. (Singapore), Head of Chartering & Shipping -Afco Management Pvt Ltd. (current designation till date).

Academics: He is an MBA in International Business (Welingkar Institute of Management) he has certificate in Sustainable Development Goals, Certificate of Competency as Master (Foreign Going) unlimited, Kuffman fellows -techstars. Professional Qualifications: Professionally he is a member of Institute of Chartered Ship Brokers London, Associate fellow of Nautical Institute (London), Member of Indian Council of Arbitration, Member of Master Marines of India.