Change in Director / Key Managerial Personnel

Nature of changes: Shareholders approved multiple management re-designations and reappointments at the 9th Annual General Meeting held on September 16, 2026.

Specific Changes:

  • Ms. Priti Lohiya (DIN: 07789249): Re-designated from Managing Director (MD) to Whole Time Director (WTD), effective September 16, 2026. Her term will continue until September 15, 2031. She is not liable to retire by rotation.
  • Mr. Ritesh Lohiya (DIN: 07787331): Re-designated from Director and Chief Financial Officer (CFO) to Managing Director (MD), effective September 16, 2026. His term will continue until September 15, 2031. He is not liable to retire by rotation.
  • Mr. Goverdhan Das Lohiya (DIN: 07787326): Re-designated from Whole Time Director (WTD) to Executive Director and Chief Financial Officer (CFO), effective September 16, 2026. His term will continue until September 15, 2031. He is not liable to retire by rotation.
  • Mr. Yogendra Chhangani (DIN: 06424580): Re-appointed as an Independent Director for his second term of 2 consecutive years, effective from October 1, 2026, to September 30, 2028.
  • Mr. Sanjay Kumar (DIN: 06523237): Re-appointed as an Independent Director for a term of 2 consecutive years, effective from October 1, 2026, to September 30, 2028.

Brief Profiles and Qualifications:

  • Ms. Priti Lohiya: Described as a visionary entrepreneur with extensive experience in manufacturing, lifestyle, and international trade. As a core founding promoter, she has played a key role in strategic planning, business development, global export operations, expansion, and supply chain management. She possesses expertise in corporate administration, product development, and sustainable upcycling initiatives.
  • Mr. Ritesh Lohiya: Described as a visionary business leader with extensive and deep-rooted expertise in the industry. He has played a key role in shaping the company's strategic vision, with strong understanding of market dynamics, business development, and corporate leadership. His strategic foresight and leadership have contributed to the company's growth milestones and global market expansion.
  • Mr. Goverdhan Das Lohiya: Described as a veteran leader and seasoned industrialist with extensive experience spanning several decades. As a founding pillar of the company, he has played a key role in shaping its vision, long-term strategy, and financial discipline. He has expertise in financial management, corporate fiscal governance, planning, and industry operations, having guided the company through various phases of growth and expansion.
  • Mr. Yogendra Chhangani: Has completed Bachelor of Science in biology with good knowledge of Information Technology (IT) and finance. His experience and practice will be an asset for the company in the fields of IT and finance. The independency of the director gives faithful and fair disclosures of the company.
  • Mr. Sanjay Kumar: Described as a distinguished professional with a robust background in commerce and software technology. He has completed Bachelor of Commerce and Diploma in Software Technology from National Institute of Information Technology (NIIT). He demonstrates exceptional expertise in bringing a wealth of experience to the board in both business management and technology innovation. He has experience of more than 8 years in Handicraft industry.

Relationships between Directors:

  • Ms. Priti Lohiya is related to Mr. Ritesh Lohiya (spouse) and Mr. Goverdhan Das Lohiya (Father-in-Law)
  • Mr. Ritesh Lohiya is related to Mr. Goverdhan Das Lohiya (father) and Ms. Priti Lohiya (spouse)
  • Mr. Goverdhan Das Lohiya is related to Mr. Ritesh Lohiya (Son) and Ms. Priti Lohiya (Daughter-in-law)
  • Mr. Yogendra Chhangani and Mr. Sanjay Kumar are not related to any other directors

Regulatory Compliance:

All changes were approved by shareholders in accordance with applicable regulatory provisions and disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Financial or Operational Approvals

No specific financial approvals, capital expenditures, debt, equity-related decisions, or auditor opinions were disclosed in this filing. The document focuses exclusively on management changes.

Strategic or Business Context

No specific business outlook, risk commentary, segment-wise insights, or strategic initiatives beyond the management restructuring were disclosed.

Any Other Material Information

The disclosure was made to the National Stock Exchange of India Limited (Script Code: PRITI) by Prem Karnani, Company Secretary & Compliance Officer (M. No. A74789), on behalf of the Board of Directors. The company's registered office is at Plot No. F-43, Basni 1st Phase, Jodhpur, Rajasthan – 342005. Company CIN: L36994RJ2017PLC058454.