The board of directors of Spice Islands Apparels Limited at its meeting held on November 8, 2023, approved the changes in composition of the Board: (a) Mrs. Seema Umesh Katre, has tendered her resignation as the Whole-time Director of the Company, with effect from close of business hours on November 08, 2023, citing other professional commitments. Consequently, she shall also cease to be a Member of the Stakeholder Committee of the Company. (b) Mr. Milind Sitaram Desai, has tendered his resignation as the Independent Director of the Company, with effect from close of business hours on November 08, 2023, pursuant to retirement from the Company.

Consequently, he shall also cease to be a Member of the Audit Committee, Nomination & Remuneration Committee and Independent Director Committee of the Company. (c) Mr. Neeraj Madhukar Desai, has tendered his resignation as the Independent Director of the Company, with effect from close of business hours on November 08, 2023, pursuant to retirement from the Company. Consequently, he shall also cease to be a member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee and Independent Director Committee of the Company.