Lorenzini Apparels Limited — Board Meeting, 25-12-2024: Outcome of Board Meeting

The Board of Directors has announced the postponement of the proposals for the Bonus equity shares issuance and the increase in Authorized Share Capital. These matters will be reconsidered in the future. Additionally, the Board has approved the appointment of Mrs. Sapna Khanna as an Independent Director, subject to shareholder approval. Mrs. Khanna brings over 23 years of experience in print media, and is not related to any existing directors. This marks a strategic move to enhance the Board's expertise and governance.