The Board of Directors of Spice Islands Apparels Limited at their meeting held on May 30, 2023, approved the appointment of Mr. Milind Sitaram Desai (DIN: 00326235) as an Additional Director in the category of Non-Executive - Independent Director of Spice Island Apparels Limited, who was appointed as an Additional Director in the category of Non-Executive - Independent Director through circular resolution on April 18, 2023. Mr. Milind Sitaram Desai is a Strong professional graduated from University of Mumbai and a Member of The Institute of Chartered Accountants of India. He is having more than 30 years of professional experience.

He worked in various professional organizations. He has been instrumental in turnaround of couple of corporates with innovative financial assistance. His experience in financial restructuring and financial planning has helped his clients in Merger and Demerger of their businesses and growing those business verticals independently.

He has also helped them in reviewing their income streams and has suggested and implemented innovative strategies to either enhance those income streams or widen the range of those streams. He is an Experienced Advisor with a demonstrated history of working in the financial services industry. Skilled in Business Planning, Management, Mergers & Acquisitions (M&A), Start-ups, and Corporate Finance.