Vardhman Polytex Limited announced that at the board meeting held on August 12, 2022 announced that Mr. Sanjeev Joshi has been appointed with effect from August 12, 2022 as Additional Director under category of Non-Executive Independent Director of the company to hold office of director till the conclusion of upcoming Annual General Meeting. Mr. Sagar Bhatia has been appointed with effect from August 12, 2022 as Additional Director under category of Non-Executive Independent Director of the company to hold office of director till the conclusion of upcoming Annual General Meeting. Mr. Varun Kumar Choudhary, Independent Director has tendered his resignation from position of Independent Director of the company with effect from August 12, 2022 due to his other professional commitments as mentioned in the enclosed resignation letter dated August 12, 2022.

Mr. Hardeep Singh, Independent Director has tendered his resignation from position of Independent Director of the company with effect from August 12, 2022 due to his personal and professional commitments as mentioned in the enclosed resignation letter dated August 12, 2022. Consequent upon the above stated changes in directors, committees of the board members are reconstituted in the following manner: Audit Committee: Mr. Sandeep Mehta- Independent Chairman; Mr. Sanjeev Joshi- Independent Member; Mrs. Manju Oswal- Non-executive member. Nomination and Remuneration Committee: Mr. Sandeep Mehta- Independent Chairman; Mr. Sanjeev Joshi- Independent Member and Mrs. Manju Oswal- Non-executive member.