GKW Limited — Board/Management Information 2021

Feb 11, 2021

GKW Limited

Registered Office: Administrative Building, 1st Floor, 97, Andul Road, Howrah-711 103, West Bengal Telephone: 033 2668 5247 / 033 2668 4763 Fax: 033 2668 0128 E-mail: gkwcal@rediffmail.com CIN No.: L27310WB1931PLC007026 Website: www.gkwltd.com

Our ref: GKW/685/2021

11 February 2021

The National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor Bandra-Kurla Complex Bandra (E) MUMBAI -400 051

NSE SYMBOL: GKWLIMITED

Sub: Outcome of the Board Meeting - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam.

Please be informed that the Board of Directors of the Company, at its Meeting held today has inter-alia:

1. Approved the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2020.

The Copy of Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2020, in the specified format along with the Limited Review Report of Statutory Auditor's is enclosed

• 1. Noted the resignation of Mrs. Kusum Dadoo (DIN:06967827) (Woman Independent Director) effective from close of business of 10 February, 2021 due to her preoccupation, advanced age & work pressure. Mrs. Dadoo has confirmed that there is no other material reason other than those provided above, for her resignation.
• 1. Approved the appointment of Ms. Rusha Mitra (DIN:08402204) as Woman Independent Director, not liable to retire by rotation, for a term of 5 (Five) years with effect from 11 February 2021, subject to applicable approvals.

Her brief profile is as follows:

Ms. Rusha Mitra, age 35 year, is B.A., LL.B (Hons.) from West Bengal National University of Juridical Sciences and currently a Partner in the Corporate &

Commercial practice group in Kolkata Office of M/s Khaitan & Co. Ms. Mitra Mergers, Acquisitions, Demergers, Corporate restructuring. specialises $in$ Reconstructions, Re-organization and advises Companies on wide range of Corporate Law matters and Insolvency & Bankruptcy related matters.

Ms. Rusha Mitra is not debarred from holding the Office of Director by virtue of any order passed by SEBI or any other such authority. Ms. Rusha Mitra is not related to any of the existing directors/key managerial personnels of the Company.

• 1. Noted the resignation of Mr. N. K. Navalakha (DIN: 00277245) (Independent Director) with effect from the close of business hours of 31 March, 2021, due to his advanced age & family commitments. Mr. Navalakha has confirmed that there is no other material reason other than those provided above, for his resignation.
• 1. Approved the appointment of Mr. Amitabha Chakrabarti, (DIN: 00137451), as an Additional Director and a Wholetime Director of the Company (KMP) for a period of One (1) year w.e.f. 1 April, 2021, subject to applicable approvals.

His brief profile is as follows:

Mr. Amitabha Chakrabarti, age 64 years, is a M. Com., A.C.A and he is in the services of GKW Limited since 16 August, 1991. He has wide experience in the field of accounts & finance of the Company. During his long association with the Company, Mr. Chakrabarti has also acquired knowledge of the operations of the Company.

Mr. Chakrabarti is currently the Manager appointed under the provisions of the Companies Act 2013 till 31.3.2021(KMP) and the Chief Financial Officer of the Company. Additionally, he is also discharging the duties of Chief Executive Officer of the Company, pursuant to the provisions of SEBI (LODR) Regulations, 2015.

Mr. Amitabha Chakrabarti is not debarred from holding the Office of Director by virtue of any order passed by SEBI or any other such authority. Mr. Amitabha Chakrabarti is not related to any of the existing directors//key managerial personnels of the Company.

The meeting started at 1500 Hours and concluded at 1530 Hours.

You are requested to take the above information on your record.

Thanking you,

Yours faithfully, For GKW Limited

Sendin in Banth

Company Secretary

Encl: As above