Royal Cushion Vinyl Products Limited at its board meeting held on April 12, 2024, announced Mrs. Harsha Mukesh Shah has tendered her resignation as the Non-Executive Independent Director of the Company with effect from the conclusion of the board meeting, citing pre-occupation and other personal commitments. Consequently, she-has also ceased to be a member of the Stakeholders Relationship Committee, Audit Committee and Nomination and Remuneration Committee of the Company. In view of aforesaid changes in the composition of the board of directors, the board of directors considered and approved the corresponding changes in the composition of the Stakeholders Relationship Committee, Audit Committee and Nomination and Remuneration Committee of the Company, whereby Mr. Dhaval Vakharia has been appointed as a member in place of Mrs. Harsha Mukesh Shah. The revised composition of the Stakeholders Relationship Committee, Audit Committee and Nomination and Remuneration Committee of the Company with effect from April 12, 2024. Mr. Dhaval Vakharia is a Chartered Accountants, Diploma in Information Security Audit and Certified Internal Auditor, USA and has 20 years of experience in Private Equity and Venture Capital Funds and its portfolio companies' compliance, accounting, risk management, international /corporate taxation and regulatory Services. He has served as leadership position at industry level through industry forums and active participation in making representation to various government authorities; including Finance Secretary of India, Ministry of Finance, SEBI, RBI, IRDA, CFO Forums. Composition of the Stakeholders Relationship Committee: Mr. Jayesh A. Motasha as Chairperson; Mr. Dhaval Vakharia and Mrs. Avani Pandit as Members. Composition of the Audit Committee: Mr. Dhaval Vakharia as Chairperson; Mrs. Avani Pandit and Mr. Jayesh A. Motasha as Members. Composition of Nomination and Remuneration Committee: Mrs. Avani Pandit as Chairperson;
Mr. Dhaval Vakharia and Mr. Jayesh A. Motasha as Members.