Ashapura Intimates Fashion Limited announced that the board of Directors of the company at its meeting held on November 15, 2013, inter alia, have considered and approved the following things: Resignation of Mrs. Darshana H. Thakkar from the Post of the Whole-time Director effect from October 31, 2013. Further, Mr. Hitesh S. Punjani has been designated as Additional Director of the Company with effect from November 1, 2013. Resignation of Mr. Arun Bagaria from the Post of the Additional Director effect from October 31, 2013.

Further, Mr. Sunil Manocha has been designated as Additional Director of the company with effect from November 01, 2013.