Cravatex Limited announced that Dr. Shivkumar Dhalumal Israni (DIN: 00125532) vide his letter dated 31 January, 2024 has resigned as an Independent Director of the Company with effect from closing hours of 31 January, 2024 due to his advanced age and ill-health.

that Dr. Shivkumar Dhalumal Israni (DIN: 00125532) vide his letter dated 31 January,

2024 has resigned as an Independent Director of the Company with effect from closing

hours of 31 January, 2024 due to his advanced age and ill-health. The resignation letter

with reason and confirmation that there are no material reasons for his resignation other

than those provided is attached.