Borana Weaves Board Approves KMP, Auditor Changes

Date: 29 July 2026

Resignation of Secretarial Auditor:

Mr. Jitendrakumar Rewashankar Rawal, Practising Company Secretary (ACS No. 20283; CP No. 54651) resigned as Secretarial Auditor
Resignation effective from 24 July 2026
Board accepted resignation and placed it on record

Appointment of Practising Company Secretary:

Mr. Kunjal Dalal, Proprietor of K. Dalal & Co., Practising Company Secretary, Surat (FCS No. 3530; CP No. 3863) appointed for providing Professional Secretarial and Compliance-related services

Appointment of Secretarial Auditor:

Mr. Kunjal Dalal appointed as Secretarial Auditor to fill casual vacancy caused by previous auditor's resignation
Appointment effective from 29 July 2026, term until ensuing Annual General Meeting
Subject to member approval where required, based on Audit Committee recommendation
Mr. Dalal has over three decades of experience in Company Law, LLP Act, Securities Laws, Legal Due Diligence, Mergers and Acquisitions, Listings and Capital Market Transactions

Appointment of Scrutinizer:

Mr. Kunjal Dalal appointed as Scrutinizer for conducting remote e-voting and voting process at ensuing Annual General Meeting

Appointment of Company Secretary and Compliance Officer:

Mr. Ishant Jain (ACS No. A42601) appointed as Company Secretary and Compliance Officer and Key Managerial Personnel
Appointment effective from 29 July 2026
Based on recommendation by Nomination and Remuneration Committee
Mr. Jain is an Associate Member of ICSI with over 10 years experience in corporate secretarial, regulatory, and compliance functions, with expertise in SEBI regulations, stock exchange compliances, corporate governance, corporate restructuring, investor relations, and Companies Act compliances

The Board of Directors meeting was held on 29 July 2026 from 1:00 P.M. to 2:00 P.M. and approved:

NSE Fine Notice:

NSE Notice No. NSE/LIST-SOP/FINES/0717 dated 30 June 2026 regarding fine for non-compliance/delayed compliance with Regulation 33 of SEBI (LODR) Regulations, 2015
Fine amount: ₹80,000 plus GST @18% (₹14,400) = Total ₹94,400
Non-compliance period: 16 days for quarter ending 31 March 2026
Fine paid by Company on 24 July 2026 after TDS deduction
Board noted non-compliance occurred due to inadvertent and unintentional error, not deliberate or mala fide intention
Board authorized submission of application/representation to NSE seeking waiver or refund of fine
Board directed to undertake all necessary actions for waiver request