SVP Global Textiles Limited announced that the board of director vide their meeting held on May 30, 2023 appointed Mr. Gopal Lohia (DIN: 09563931) as an additional director under the category of Professional Executive Director With effect from May 30, 2023 subject to necessary approvals. It is to be noted that as per regulation 17(1C) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the listed entity shall ensure that approval of shareholders for appointment of a person on the Board of Directors is taken at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier, hence the Company is required to taken approval for of shareholders till August 29, 2023 for his appointment. The Company has not taken approval of shareholders for his appointment within stipulated time period therefore his office as an additional director shall be vacated with effect from August 29, 2023.