Visagar Polytex Ltd — Board/Management Information 2020

Jul 28, 2020

28% July 2020

To,

The Manager	The National Stock Exchange of India Limited
BSE Limited	Exchange Plaza, Plot No. C/1, G Block,
Corporate Relationship Department	Bandra Kurla Complex,
1st Floor, New Trading Ring,	Bandra (E), Mumbai - 400 051
Rotunda Building, P.J Towers,
Dalal Street, Fort, Mumbai -400001	ISIN Code- INE370E01029
BSE Scrip ID - VIVIDHA
BSE Scrip Code - 506146

Subject: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, relating to the reappointment of Key Managerial Personnel (Managing Director of Visagar Polytex Limited (the "Company"

Dear Sir,

We inform that the board of directors of the Company has met today i.e. Tuesday, July 28, 2020 and extended the term of Mr. Tilokchand Kothari, Managing Director of the Company for a further term of 5 years. The said extension is subject to the approval of the shareholders of the Company at the next general meeting of the Company as per Section 196 of the Companies Act 2013.

This intimation is being made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements } Regulations, 2015, as amended read with SEBI circular no. CIR/CFD/CMD/42015 dated September 9, 2015. The disclosure in pursuance thereof is annexed to this intimation

Kindly take the same on your records.

For Visagar Polytex Limited

Encl: As above

DIN: 06441986

VISAGAR POLYTEX LIMITED

VISAGAR we create vou dream. Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing amended, Requirements) Obligations Disclosure Regulations, and 2015, relating as to appointment of Key Managerial Personnel (Managing Director):
Disclosure requirement	Details
Reason for extension	The existing term of Mr. Tilokchand Kothari, Managing Director of the Company expires on August 1, 2020, and the Board has extended his term for a further period of 5 years from July 28, 2020 to July 27, 2025.
Brief profile	Managing Tilokchand Kothari Mr. the is Director of the Company since August 01, 2015 He 1s playing a vital role in formulating business and effective implementation of the strategies same. He is responsible for the expansion and management business overall our of the of Company. leadership have been His abilities
	team instrumental leading core of our the in Company.
Disclosure of relationships between Directors	Mr. Tilokchand Kothari is not related to any of the directors of the Company.

VISAGAR POLYTEX LIMITED