CR A E

Registered Office Matulya Centre 2nd Hoor Senapati Ba pat Marq ' ower Pa rel ;W) Murnbil:t 400 01]

CIN L93010MH1951PLC008546

T +91 22 6666 7474 F •91 22 2491 3210

E 1nfo@cravatex com W WW\'I cravatex com

March 28, 2020

BSE Limited Department of Corporate Services (DCS-Listing) Phiroze Jeejeebhoy Towers, Dalal Street Mumbai - 400 001

Company Code: 509472

Dear Sir,,

Sub.: Appointment of Additional Director

Ref.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In terms of Regulation 30 read with Part A of Schedule Il l of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we wish to inform you that the Board of Directors of the Company, by circular resolution passed on March 28, 2020, have appointed Mr. Divakar Ganapati Karnath (DIN : 08730430) as an Additional Director of the Company with effect from April 1 , 2020 to hold office till next Annual General Meeting of the Company and shall be designated as Executive Director & Chief Financial Officer.

Details in terms of Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 for appointment of Mr. Divakar Ganapati Karnath (DIN : 08730430) are given below:

Sr. 'Particulars Details

No. I 1. Reason for change Appoiilliled as aJ11 Addi'fmmmll Director and shall be

designated as EElcutive [liiledor & Ohiief Financial Officer.

I

2. Date of appointment April 1, 2020 I

3. Brief profile {in case of Mr. Divakar Ganapati Ka math is a graduate in ' appointment) E001101T1ics, Law and DFM fmm Mumbai University

and a Certified Associate of Indian Institute of

Bankers (CAIIB). He is an accomplished Banker with

an experience di around 3.2 years mostly spent in Corporate Banking Business in a rep!Llted Public Sector Bank and a Private Sector Bank. He joined

the Company in the year 2012 as Chief Financial Office!'. His previous assignment was in Axis Bank Ltd as Senior Vice PresideTiil :and pan llllinlia Head of

Reqtstcred Offn.e \1atulya CP.ntrp Enr! Honr Senauau Bapat \�drq ower Pare' iW). Mu1nh.J1 - 400 013

CIN l93010MH195,PLC008546

T +91 22 6666 7474 F •9, 2? 2497 3210

E 1nfo((iJcr.1vatex com W \VWW cravatex com

SmaD and Medium Enterprise. Apart from Banking

and Finance he has ample exposure in the area of

Legal matters. Finance and Risk Management are

his favourite subject of academic interest

4. Disclosure of Not related to any other Directors of the Company.

relationships between

directors {in case of

appointment of a director)

Kindly take the same on your record.

Thanking You,

Company Secretary