Kunststoffe Industries Limited announced that at its board meeting held on August 12, 2023, the board approved the Resignation of Mr. Sacariah Chacko (DIN No 06825623) as Non Executive and Independent Director of the Company. Names of the listed entity in which Mr. Sacariah Chacko (DIN No 06825623) holds Directorship, indicating the category of Directorship and Membership of Board Committees before the resignation becoming effective: Membership of the Board Committees: Audit Committee (Member). Nomination & Remuneration Committee (Member).

Stakeholders Relationship Committee (Member). Mr. Sacariah Chacko (DIN No 06825623) automatically ceased to be a Member of the aforesaid Committees in Kunststoffe Industries Limited, with effect from Board Meeting dated 12th August, 2023 (after the closing of business hours). Appointment of Mr. Bhadresh Shah (DIN No 00629457) as an Additional Non Executive and Independent Director of the Company for a period of Five years.

Appointment of Mr. Pravin Vrajlal Sheth (DIN no 00138797) as an Additional Non Executive Director of the company. Mr. Pravin Sheth is Spouse of Mrs. Soniya Sheth, Managing Director of the company. Except this, he is not related to other directors on the board.

Appointment of Mr. Bhadresh Shah as an Additional Director (Non-Executive, Independent Director) of the Company. Appointed as an Additional Director (Non - Executive, Independent) and recommended to be appointed as Independent Director at the upcoming Annual General Meeting of the company for a first term of five years. Mr. Bhadresh Shah is a B. E. Bachelor of Engineering.

He is expertise in Civil and Plastic Engineering He looks after technical and civil work and has a reasonable knowledge and experience in Accounting and Financial Matters. He holds directorship in Fiberweb (India) Limited. Appointment of Mr. Pravin V Sheth as an Additional Director (Non-Executive Director) of the Company.

Appointed as an Additional Director (Non - Executive) and recommended to be appointed as Director at the upcoming Annual General Meeting of the company. Mr. Pravin Sheth, B.Com, LLB, FCA is a Qualified Chartered Accountant by profession. He is expertise in Financial Systems & other Software Development and implementation experience, Business development, an organization strategy experience, Business process, Re-engineering, Management consulting and project management.

He has more than 40 years of experience in Accounting and Financial Matters. He holds directorship in Fiberweb (India) Limited.