S and T Corporation Limited announced that the Board of Directors at the Meeting held March 18, 2024 took note of the resignation of Mr. Dhaval Savai from executive position in the Company as Executive Director with immediate effect and approved his continuation as Non-Executive Non-Independent Director and Based on recommendations of Nomination and Remuneration Committee and Audit Committee approved appointment of Ms. Trishana Savai, Executive Director of the Company as Executive Director & Chief Financial Officer with immediate effect. Brief Profile: Ms. Trishana Savai, one of the Promoter and Executive Director of the Company is Bachelor's in Management Studies; Masters in Luxury Brand Management; and holds Diploma in Strategic Management & Leadership and Fashion Styling. Ms. Savai has working experience of over 2 years and has been actively involved in the operations and financial management of the Company.

Effective Date of above changes is March 18, 2024.