N B Footwear Limited announced at its board meeting held on June 29, 2019, the board approved Mr. Somnath Kashinath Wani, an Independent Director has been designated as Chairman of the Board of Directors; Mr. Gregory Albert Pereira, a Non-Executive, Non-Independent Director has resigned from the Board effective June 29, 2019 due to his personal reasons; Mr. S Krishnan, a Director of the company, has been designated as Company Secretary and CFO with effect from June 1, 2019; and on account of his appointment as Company Secretary and Chief Financial Officer of the company with effect from June 1, 2019 Mr. S Krishnan be treated as Whole Time Director. Board of Directors has re-constituted Committees of the directors. Audit committee: Mr. Somnath Kashinath Wani as Chairman, Independent Director, Mr. Sudhakar Shetty as Member, Independent Director and Mr. Rajen Desai as Member, Non Executive Director.

Nomination And Remuneration Committee: Mr. Sudhakar Shetty as Chairman, Independent Director (Not being Chairman of Board), Mr. Somnath Kashinath Wani as Member, Independent Director. Mr. Raien Desai as Member, Non Executive Director. Stakeholder Relationship Committee: Mr. Sudhakar Shetty as Chairman, Independent Director, Mr. S Krishnan as Member, Whole Time Director, Mr. Rajen Desai as Member, Non Executive Director.