Eastern Silk Industries Limited announced that Eastern Silk Industries Limited was undergoing Corporate Insolvency Resolution Process and subsequently the resolution plan ("Resolution Plan") submitted by the jointly of Mr. Ajay Bikram Singh along with Baumann Dekor Private Limited ("Successful Resolution Applicant") was approved by the Adjudicating Authority (intimation was given vide letter dated 1st February 2024 about the approval of the Resolution plan by the National Company Law Tribunal, Mumbai Bench and detailed order was received on 31st January 2024). As per the terms of the approved Resolution Plan, a monitoring committee ("Monitoring Committee") has been constituted, to oversee the implementation of the resolution plan. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Monitoring Committee of the Company, in terms of the approved Resolution Plan, has approved the appointment of Mr. Ajay Bikram Singh as Additional Director under the Category of Chairman (Non-Executive Director), Mr. Sunil Kumar as Additional Director under the Category of Whole-Time Director (Executive Director), Mr. Ramesh Chandragiri Reddappa as Additional Director under the Category of Whole-Time Director (Executive Director), Mr. Deepak Kumar Gupta as Additional Director under the Category oflndependent Director (Non-Executive Director), Mr. Praveen Kumar Agarwal as Additional Director under the Category of Independent Director (Non-Executive Director) and Mrs. Jyothi Thomas as Additional Director under the Category of Women Independent Director (Non-Executive Director) with effect from 11th March 2024.

MR. AJAY BIKRAM SINGH: Mr. Ajay Bikram Singh is appointed as Additional Director under the Category of Chairman (Non-Executive Director), of the Company. Mr. Ajay Bikram Singh is an Architect, MBA & professional.lawyer with over 30 years of experience. MR. SUNIL KUMAR: Mr. Sunil Kumar is appointed as Additional Director under the Category of Whole-Time Director (Executive Director) of the company.

Mr. Sunil Kumar is a business professional with MBA qualification. He has 12 years of experience in managing the business. MR. DEEPAK KUMAR GUPTA: Mr. Deepak Gupta is appointed as Additional Director under the Category of Independent Director (Non-Executive Director) of the company.

Mr. Deepak Gupta is a Chartered Accountant and having an experience of over 40 years in financial management. MR. RAMESH CHANDRAGIRI REDDAPPA: Mr. Ramesh Chandragiri Reddappa is appointed as Additional Director under the Category of Whole-Time Director (Executive Director). Mr. Ramesh is a textile professional with over 30 years of experience.

MR. PRAVEEN KUMAR AGARWAL: Mr. Praveen Kumar Agarwal is appointed Additional Director under the Category of Independent Director (Non-Executive Director). Mr. Praveen Kumar Agarwal is an Architect having a wide experience in project management of over 40 years. MRS. JYOTHI THOMAS: Mrs. Jyothi Thomas is appointed as Additional Director under the Category of Women Independent Director (Non-Executive Director).

Mrs. Jyothi Thomas is an architect having a wide experience in project management of over 35 years. All the appointments are effective March 11, 2024.