Winsome Yarns Shareholders Approve Six Director Appointments

Appointment of Managing Director:

Mr. Vipan Kumar (DIN: 11551026) appointed as Managing Director
Effective date: August 29, 2026 (approved by shareholders September 28, 2026)
Term: 3 years, from August 29, 2026 to August 28, 2031
Age: 47 years with over 18 years of experience in construction and real estate sector
Expertise: Project development, business operations, strategic planning, and management of real estate ventures
Not related to any other director on the Board
Confirmed not debarred from holding director office per SEBI regulations

Appointment of Non-executive Chairman:

Mr. Avnish Bansal (DIN: 02666814) appointed as Non-executive Chairman and Non-independent Director
Effective date: June 23, 2026 (approved by shareholders September 28, 2026)
Term: 5 years, from June 23, 2026 to June 22, 2031
Age: 41 years with Master's in Business Administration specializing in finance from Edinburgh Business School (UK)
Leadership: Steered company's transformation from cotton processing pioneer to market leader in cotton products for health & hygiene applications
Risk management expertise with deep knowledge of macro environment
Relationship: Husband of Mrs. Parul Bansal (another director)
Confirmed not debarred from holding director office per SEBI regulations

Appointment of Women Non-executive Director:

Mrs. Parul Bansal (DIN: 06856466) appointed as Women Non-executive and Non-independent Director
Effective date: June 23, 2026 (approved by shareholders September 28, 2026)
Term: 5 years, from June 23, 2026 to June 22, 2031
Age: 38 years with diploma in Animation, Graphics and Multimedia from Arena Multimedia
Experience: More than 10 years experience in the area
Relationship: Wife of Mr. Avnish Bansal (Chairman)
Confirmed not debarred from holding director office per SEBI regulations

Appointment of Independent Directors:

Mr. Mahesh Fogla (DIN: 05157688)

Designation: Non-executive and Independent Director
Effective date: June 23, 2026 (approved by shareholders September 28, 2026)
Term: 5 years until June 22, 2031 (not liable to retire by rotation)
Age: 53 years, Fellow Member of the Institute of Chartered and Cost Accountants of India
Expertise: Finance & Accounts, Legal & Taxation, Strategic Financial Planning with 25+ years experience
Skills: Conceptualizing & implementing MIS, maintaining & finalization of accounts, structuring commercial transactions
Not related to any other director
Confirmed not debarred and qualified to be appointed as Independent Director

Mr. Sanjeev Khubchand Nahar (DIN: 07711548)

Designation: Non-executive and Independent Director
Effective date: June 23, 2026 (approved by shareholders September 28, 2026)
Term: 5 years until June 22, 2031 (not liable to retire by rotation)
Qualifications: Civil Engineer from Mumbai University, PGDCM from NICMAR
Experience: 28+ years in project management, engineering, and execution of large-scale infrastructure and real estate developments
Previous roles: Leadership positions with Lodha Group, Runwal Group, Raheja Universal, Xrbia Developers, and Kumar Builders
Project experience: Managed over 20 million sq. ft. of residential, commercial, and infrastructure projects, including high-rise developments exceeding 50 storeys
Current role: Director of V.S. Engineering and advisor to various real estate and infrastructure companies
Not related to any other director
Confirmed not debarred and qualified to be appointed as Independent Director

Mr. Bibhudutta Satpathy (DIN: 06693401)

Designation: Non-executive and Independent Director
Effective date: June 23, 2026 (approved by shareholders September 28, 2026)
Term: 5 years until June 22, 2031 (not liable to retire by rotation)
Experience: 34+ years in highways, EPC, and industrial construction across India
Current role: Sr. Vice President (MMR/EPC) at Markolines Pavement Technologies Ltd
Previous roles: Senior leadership positions at L&T, Lafarge, Welspun, Gammon, Transstroy, and Essel Projects
Project experience: Directed projects worth over ₹12,000 crore and led teams of 600+ across multi-state operations
Qualifications: B.E. (Civil) from Nagpur University; Construction Management from Anna University
Professional designations: Fellow & Chartered Engineer (Institution of Engineers), Certified Arbitrator, Six Sigma Green Belt
Not related to any other director
Confirmed not debarred and qualified to be appointed as Independent Director