Patspin India Ltd — Updates, 06-08-2025: Company Update

PATSPIN INDIA LIMITED

CIN: L 18101 KL1991PLC006194

CORPROATE I REGISTERED OFFICE

31" Floor, Palal Towers, MG Road, Ravipuram, Kochi 682016, India

Phone: 91-484-2661900 GT N Email: cs@patspln.coml fin.ho@patspin.com

G R 0 U P www.patspin.com

ISO 9001:2005/14001 :2005 Certified

The details as required under Regulation 30 of the Listing Regulations read with SEBI Master

Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ('SEBI Circular'), are

given in Annexure D

No remuneration in any form whatsoever, is proposed to be paid to Shri, B.K.Patodia. He will not

be a member of the Board of Directors of the Company. He will be a permanent invitee to all the

Meetings of the Board of Directors of the Company. If he attends any of the Board meeting of the

company, it shall be in the capacity as Invitee only with no voting rights.

• Appointment of Shri Umang Patodia as Chairman in place of Shri. B.K.Patodia

Appointment of Shri Umang Patodia (00003588), Managing Director as Chairman of the Board

w.e.f 06.08.2025 in place of Shri. B.K.Patodia.

• Chairman Emeritus

. Shri. B.K.Patodia (DIN: 00003516) has been conferred "life time title of Chairman Emeritus" w.e.f

6.8.2025.

• Retirement of Shri. B.K.Patodia Non Executive Director & Chairman

Due to advancing age and related health concerns, Shri B.K. Patodia (DIN: 00003516) Non

Executive Director & Chairman, took retirement from the Board of the Company on the closing

hours of Board Meeting date of05.08.2025.

Copy of his resignation letter dated 23 .07 .2025 is enclosed for your kind perusal - Annexure C

We also enclose Limited Review Report (Standalone) for the quarter ended 30th June, 2025 issued by our

Statutory Auditors M/s LU.Krishnan & Co., Chartered Accountants, Chennai.

Copy of the same is enclosed as Annexure B

In addition to this, Board of Directors also considered and approved the following:

The Board of Directors at their meeting held on 5th August, 2025 approved Statement of Un-Audited

Financial Results (Standalone) for the quarter ended 30th June, 2025 pursuant to Regulation 33 of SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015.

Copy of the same is enclosed as Annexure A.

Revised Outcome filed on 05-Aug-2025 at 05:06:04 PM

With reference to the above and as desired, we submit Revised Outcome containing "Additional Details sought

by you under SEBI Circular dated November 11, 2024-Resignation of Independent Director".

Dear Sir,

Sub: Outcome of Board meeting held on 5th August 2025 filed on 05-Aug-2025 at

05:06:04 PM-Revised Outcome

Ref: 1. BSE email dated 6.8.2025 captioned "Additional Details Required for Corporate

Announcement filed under Regulation 30 ofSEBI (LODR) Regulations, 2015"

2. Patspin India Limited

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

MUMBAI - 400 001

PILC/2025-26

06.08.2025

----------------Page (0) Break----------------

Veena Vishwanath Bhandary

Company Secretary

Thanking you,

Yours faithfully,

For PATSPIN INDIA LIMITED

PATSPIN INDIA LIMITED

CIN: L18101KL1991PLC006194

CORPROATE I REGISTERED OFFICE

3'° Floor, Palal Towers, MG Road, Ravipuram, Kochi 682016, India

Phone: 91-484-2661900 GT N Email: cs@patspln.com1 fin,ho@patspin.com

G R 0 U P www.palspin.com

ISO 9001 ;20051 14001 :2005 Certified

Please take note of the same and acknowledge receipt. This is for your information and records.

The Board Meeting commenced at 11:47 AM and concluded at 4.52PM.

1. 34t11 Annual General Meeting of the company will be held on Monday, 29th September, 2025 at 10.00

AM through Video Conferencing (VC) I Other Audio Visual Means (OA VM).

2. Cut-off date has been fixed on Monday, 22°d September, 2025 for determining the eligibility of

shareholders to cast their vote through e-Voting facility.

3. Book Closure has been fixed from Wednesday, 24th September, 2025 to Monday, 29th September,

2025 (both days inclusive) for the purpose of Annual General Meeting.

4. Appointment of Shri, MR L Narasimha, Practising Company Secretary (Membership No.2851,

CP.NO 799) as Scrutinizer or failing him, Shri. Abhilash N.A, Practicing Company Secretary

(Membership No. 22601 CF.No. 4524) to scrutinize the remote e-voting process in fair and

transparent manner.

Further, the meeting of Board of Directors have also approved and took note of the following:

• Appointment of Shri MR L Narasimha, FCS Practicing Company Secretary (FCS No:2851, CP

No.799) as Secretarial Auditor of the Company for a period of consecutive five years to hold office

from 1st April 2025 to 31st March 2030 (FY 2025-26 to FY 2029-30) to conduct Secretarial Audit

of the Company, subject to the approval of the shareholders of the Company.

The details as required under Regulation 30 of the Listing Regulations read with SEBI Master

Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ('SEBI Circular'), are

given in Annexure G

• Resignation ofShri V.N. Balakrishnan (DIN: 08820393)

Due to advancing age and certain personal reasons, Shri V.N. Balakrishnan (DIN: 08820393) Non-

Executive Independent Director has tendered his resignation on the closing hours of Board Meeting

date of 05.08.2025. He has also confirmed that there are no material reasons for his resignation

other than those stated.

Additional details as required under Regulation 30 of the Listing Regulations read with SEBI

Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ('SEBI

Circular'), along with copy of his resignation letter dated 21.07 .2025 are enclosed for your kind

perusal - Annexure F

The details as required under Regulation 30 of the Listing Regulations read with SEBI Master

Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ('SEBI Circular'), are

given in Annexure E

• Reappointment of Shri. C.K.Gopalakrishnan Nair (DIN 00521840) as

Independent Director for a second consecutive term of 5 years

As per recommendation of Nomination & Remuneration Committee, the Board has approved

Reappointment of Shri. C.K.Gopalakrishnan Nair as Non Executive Independent Director for a

second consecutive term of 5 years from the conclusion of the ensuing Annual General Meeting

(AGM) to the conclusion of the 39th AGM of the Company.

----------------Page (1) Break----------------

PATSPIN INDIA LIMITED

CIN: L111101l{L1991PLC006194

CORPROATE I REGISTEl'lED OFFICE

3'° i'loor, Pala! Towers, MG Road, Ravlpurom, l<oGhl 662016, lni:lla Phone: 9Hll4-2GG1900 G T N

Email: cs@patspln.com1 fin. ho@palsp1t1.com

G R O U P www.patspln.Gom

ISO 9001:2006114001 :?.005 CorllfltHI

2. Statutory Auditors have carried out a Limited Review of these results pursuant to Clause 33 of SEBI

(LODR), 2015.

Notes:

1. The above unaudited financial results for the quarter ended 30111 June 2025, were reviewed and

recommended by the Audit Committee of the Board and approved by the Board of Directors of the

Company at their meeting held on 5n1 August 2025.

I

I

~ H

~ i

(Rs. In lakhs)

Quarter ended Year ended

30,06.2025 31.03.2025 30.06.2024 31.03.202f s N. Particulars

(Unaudited) (Audited) (Unaudited) (Audited)

Refer Note 5

1 Income:

(a) Revenue from operations 1119 1133 1365 4733

(b) Other income 24 23 78 150 Total Revenue 1143

1156 1443 4883

2 Expenses: (a)

Cost of materials consumed 27 22 377 461

(b) Employee benefits expense 463 484 444 1864

(cl Finance Cost 160 185 184 741

(d) Depreciation and amortization expense 74 7Ei 73 296

(e) Other expenses 655 639 602 2500

Total Expenses 1379 1405 1680 5862

3 Profit/(Loss) before Exceptional & Extra ordinary items (236) (249) (237) (979) and Tax

4 Exceotlonal Items : ... ,,, .. '

5 Profit I (Los& before Extra-Ordl!']ary Items and Ti!X (236) (249) (237L (979)

6 Exlra-Ordlnarv Items

7 Profit I (Lossl before Tax _______(23 6) (249 (237) (979)

6 Tax Expense Current Tax (MAT) - - - -

9 Net Profit I (Loss) after Tax (236) __ j?49) (237) (979)

10 Other Comprehensive income, net o'f Income Tax - (22) - (22) · lmoact on remeasurement of Employee Benefit

11 Total other Comprehensive Income I (Loss) . (22) " (22)

12 Total Comprehensive Income I (Loss) (236) (271) 1237) (1001)

13 Paid-up equity share capital 3,092 3,092 3,092 3,092 {Face value of Rs ·t 0/- eaah)

14 Other Equity (Excluding Revaluation Reserve) (11587)

15 Basic earnings per Share (EPS) (quarter figures not (0.76) (0.81) (0.77) (3.17) annualized)

16 Diiuted earnings per Share (EPS) (quarter figures not (0.72) (0.76) (0.72) (2,97) annualized)

STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30111 JUNE 2025

PATSPIN INDIA LIMITED

f',\TSPll~

---···'

----------------Page (2) Break----------------

PATSPIN INblA LIMITED

CIN: L101011<L1991PLC00619ii

CORPROAl'E I R!!GISTl=REO OFF.ICE ~,.Floor, Palal Towers, MG Road, Ravlpuram, Koehl 662016, India

Phone: 91-4CM·2B61900 Email: cs@palspln.com I nn.ho@ralspln.com

www.patsoln.com

ISO 9001 :2006114001 :2006 Gartlfled

For PAG NDIA LIMITED

-~~ I

UM NG PATODIA

Ma aging Director

(DIN0000358B)

Place: KOCH!

Date: 05.08.2025

6. Previous Ouarter's I year's figures have been rearranged I regrouped wherever considered

necessary to conform to the presentation for the current period.

5. The figures for the quarter ended March 31, 2025 are the balancing figures between audited figures

for the full previous financial year and unaudited published year to date figures up to the third quarter

of the previous year.

4. Absence of Working capital facilities pending restructuring of debts of the Company by the bankers

and other geo polltlcal factors impacting liquidity. Consequently, the Company continues to carry out

job work activity, where the revenues are sufficient to cover only variable cost.

Due to improved demand scenario for [ndlan Textiles Industry and considering market dynamics, the

company now plans to resume own manufacturing of cotton yarn and with better EBITOA levels the

debt servicing could Improve. To support this transition, the company has submitted a new resolution

plan to Lenders to restructure outstanding debts (WCTL) with moratorium for Interest and WCTL

instalment payments, reduction in Rate of interest and fresh working capital facility. Bankers have

carried out TEV study, which confirmed Viability of the proposal and now the proposal is under their

consideration.

3. The Company is engaged in only one segment viz, "Yarn Segment" and as such there are no separate

reportable segments as per Ind AS 108 "Operating Segments;'.

=~

PATSl'll~-' -····

----------------Page (3) Break----------------

GTN

GROUP

PATSPIN INDIA LIMITED

CIN: L 1111011{L 1991PLCOP6194

CORPROATE I REGISTERED OFFICE 3

16 Floor, Palai Towers, MG Road, Ra~lpuram. Koch! 682016, India Phone: 91-484.2061900 ,

t:muil: cs@patspln.com1 fin.ho@11ulspln.oom

www.patspln.com rso

0001:200011~001:2ooa CQrliflml

-<)~

UMA G PATODIA

Ma glng Director

(DIN 00003588)

Place: KOCH!

Date: 05.08.2025

For PATSPIN !NOIA LIMITED

Notes;

1. The above is an extract of the detailed format of Quarterly results filed with the Stock Exchange under Regulation

33 of the SEBI (Usting Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Quarterly

results available on the stock exchange website (www.bseindia.com ) and on Company's website (www.patspin.com)

2. The Unaudited financial results for the quarter ended 3oth June, 2025 were reviewed by the Audit Committee of

the Board and approved by the Board of Directors of the Company at their meeting held on 510 August, 2025

3. Previous Quarter's I year's figures have been rearranged I' regrouped wherever considered necessary.

(Rs. In lakhs)

SJ. Quarter Ended Year ended

No. Particulars 30.06.2025 31.03.2025 30.06.2024 31.03.2025 (Unaudited} (Audited) (Unaudited} (Audited)

1 Total Income from Operations 1,143 1,156 1.443 4,883

2 Net Profit I (Loss) for the period (before (236) (249) (237) (979) Exceotlonal Items and Tax)

3 Net Profit /(Loss) for the period before Tax (236) (249) (237) (979) (after Exceotional Items)

4 Net Profit I (Loss) for the period after Tax {after (236) (249) (237) (979) Exceptional items)

Total Comprehensive Income for the period

5 comprising profit I (loss) for the period (after (236) {271) (237) (1001) tax) and Other Comprehensive Income (after

Tax)

6 Equlty Share Capital (face value of Rs. 10 3,092 3,092 3,092 3,092 each)

Other Equity (ExcludinQ Revaluation Reserve) - (11,587) 7

Earnings Per Share (of Rs. 10/- each) (quarter

8 figures not annualized) (in Rs.I- 1. Basic (0,76) (0.81) {0.77) (3.17)

2. Diluted (0.72) (Q.76) (0~72\ (2,97)

PATSPIN !NOIA LIMITED

Extract of Statement of Standalone Unaudited Financial Results

for the Quarter ended 30th June 2025

----------------Page (4) Break----------------

The Company has Incurred a net Joss of Rs 235.87 lakhs and cash loss of Hs 162.04 lakhs

during the quarter ended 30 June 2025, and net worth Is eroded as on that date and

Company's accounts with Lenders were classified as sub-standard as of31 Morch 2021 due

to Irregularity in debtservlclng. Thls sltuatlon Indicates that a material uncertainty exists

that may cast slgnlflcant doubt on the Company's abllltY to continue as a going concern,

However, all per the Information ani;I explanarlons provided by the Company and the

discussion held with management that the Company's Resolutlon Proposal was approved

by the Lenders and Implemented In September 2022. Thi'! Company now plans to resume

own manufacturing of cotton yarn with better EBITDA levels the debt servlclng and

reduced labour cost to make the operatlons viable going forward. To support this

transition, the company has submitted a new resolution plan to lenders to restructure

outstanding debts (WCTL) With moratorium for Interest and WCTL Instalment payments,

reduction ln Rate of Interest and fresh working capital facility. Bankers have carr£9dz~ ,,,ioW&

~~..,. "".rf . ~~ ~%

. ..l 61<• 11)~. ' Sam's Nathanen) Tower, ti 3-1, Wes! Club Road, Shenoy Nagar, Chorutul - 600 0 ,(t °'~~ · ·

'l'el : 011'1 • 2620 9410 12620 94 l 5 [ E-mail : c11@lukrlshco.c@1 I Website : www.lukri

GSTTN: 33AAAFL0818MLZH

3, Emphasis of matter

2. We conducted our revlew of the Statement In accordance with the Standard on Review

Engagements (SRE) 2410 "Review of Interim Financial lnformatlon Performed by the

Independent Audltorof the Entity", Issued by the Institute of Chartered Accountants of

India. A revlew oflnterlm flnanclal Information consists of making tnqulrles, prlmarllv of

persons responsible forflnanclal and accounting matters, andapplvlng analytical and other

revlew procedures. A review ls substantially less In scope than an audlt conducted 111

accordance with Standards on Auditing and consequently does not enable us to obtain

assurance that we would become aware of all slgnlflcant matters that might be ldentlfled

In an audit. At:cordlngly, we do not express an audit opinion.

1. We have reviewed the accompanying statement of unaudited standalone flnanclal results

of Patspln India Limited for the quarter ended 30 June 2025 ("the statement"), belng

submitted by the Company pursuant to the requlrements of Regulation 33 of the SEBI

(Listing Obligations and Disclosure Raqulraments} Regulations; 20151 as amended, This

statement Is the responslbllltv of the Company's Management and has been approved by

the Board of Directors. Our respenslbllltv Is to Issue a report on these financial statements

based on our review.

l

ro THE a OARD OF DIRECTORS OF

PATSPlN INDfA LIMITED

INDEPENDENT AUDITOR'S Rl;VIEW REPORT ON REVIEW OJ; INT~RIM

STANDALONE FINANCiAL RESULTS

·---- ............... ,..._.____·~··-~---· ·---------

't

l \ .J~~-

il I

l

:I :1

L. U. KRISHNAN & CO

CHAill'li'.HEJ) ACCOUNTAN'fS

----------------Page (5) Break----------------

Place: chennal

Da~e: 05 August 2025

For LU Krishnan & Co,

4, Based on our review conducted as above, nothing has come to our attention that causes

us to belleve that the accompanying Statement prepared In accordance wlth the

recognition and measurement prlnclples laid down In the aforesaid Indian Accounting

standard and other recognised accounting practices and policies has not disclosed the

Information required to be disclosed Ir\ terms of ~egulatlon 33 of SEBI (listing Obligations

and Disclosure Requirements) Regulations, 2015, as amended, lncludlng the manner In

which ltis to be disclosed, or that It contalns any materlal misstatement.

Our conclusion ls not modified ln respect of the above matter.

TEV studv, which confirmed Vlablllty of the proposal and now the proposal is under their

consideration, refer Note no. 4 of Unaudited Flnanclal Results for the quarter ended 30

June 2025.

----------------Page (6) Break----------------

Sirs/ Madam,

SlJb: My Reslgnatlonfrol11 the Board of Directors

Ret Patspln India UmHed

As.you all'are aware, our next meeUng oflhe Board of Director$ ls scheduled now on Tuesday,

5th A1,must1 2025 ·

Pue to mv a<IVancing age Elndtelated heaJth concerns, .1 would like to lake retirement from the

Board ofthe Company. Ptesliltltly l hold the position of Chairman Qf tho aoarq and would llke to

retire from said position on lhe oloslng hours of the Soiard meeting dale of !)111 of August 2025! I

am also re$ign from the Committees of lhe Board, I am memberot

I place on record my heartfelt thanks to the Board of Directors, Shi3.reholders, Audltora,

c;:onsuHants as well as all the Staff members and Worl<ers of the company for their overwhelming

support glvenlo me to complete my assignment succeesfully, over the past three decades.

Kindly accept my reslgnallori and relieve me as a member or (he Boa.rd as Well as Ohalrman of

(he Oon1p.any from the ctoslhg hours of the Board meeting date of 5lh of August 202·5,

II success to the company in the future years'

The Board of Directors

Patspin India Limited

l(ochl

2srd Jq!y 202s

Fl~t No.&4, 6\h Floor,

Mo(mt l111fq111), Pnddar ROi\d,

Muml1n1...ioo 026

8,/(, PA TOD/A

·t3.K.PATOblA

(DIN 00003516)

----------------Page (7) Break----------------

GTN

GR o UP www.patspln.com

ISO 9001:2005114001:2005 CertHlcd

~ .:--~

Veena Vishwanath Bhandary

Company Secretary

Thanking yon,

Yours faithfully,

For PA TSPIN INDIA LIMITED

SN Particulars Details

1 Reason for change Appointment of Shri Umang Patodia, Managing Director as

viz.appointment, re- Chairman of the Board w.e.f 06.08,2025 in place of Shri.

appointment, resignation, B.K.Patodia.

removal,

death or otherwise

2 Date of appointment /re~ For a period of five years w.e.f 06.08.2025.

appointment I cessation (as

applicable) and term of

~ _a.ooointment I re-appointment

3 Brief profile (in case of Shri Umang Patodia is the Managing Director of the company and

appointment) elder son of Shri .B K Patadia and ls in the GTN Group and Industry

over three decades.

Hejoined in GTN Group in 1989 and has been an integral part of the

Group for tho past 36 years. Patspin India Limited, part ofGTN Group,

which manufactures and exports fine cotton yarns, knitted fabrics and

garments.

Jn '.2003, Shri. Umang Patadia started Young Entrepreneurs Group

(YEG) within the Confederation of Indian Textile Industry (CITl).

He is also a Committee member ofCITl, TEXPROCIL and SIMA. He

has bee~\ past Chairman of CU, Kerala

4 Disclosure of relationships Not Applicable - He is the Promoter of the Company

between directors (in case of

appointment of a director)

The details as requited under Regulation 30 of the Listing Regulations read with SEBI Master

Circular No. SEBI/HO/CFD/PoD2/CIR/P/O l 55 dated November 11, 2024 ('SEBI Circular'),

are given below:

Dear Sir/Madam;

Sub: Appointment of Shri Umang Patodia (00003588), Managing Director as Chairman

of the Board w.e.f 06.08.2025 in place of Shri, B.K.Patodia

Ref: PATSPIN INDIA LTD

In furtherance to our letter Ref. PILC/2025-26 dated 05.08.2025, we would like to inform you

that Board of Directors at their Meeting held today ie 05.08.2025 has approved Appointment

of Shri Umang Patodia, Managing Director as "Chairman of the Board" w.e.f 06.08.2025 in

place of Shri. B.ICPatodia.

Ref. P ILC/2025~26

Aug 5, 2025

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

MUMBAI - 400 001

----------------Page (8) Break----------------

Veena Vishwanath Bhandary

Company Secretary

,.<.,..,~ ............ ~.

PATSPIN INDIA LIMITED ~[~0 llA \ .

GIN: L10101KL1991PLC006194 D

CORPROATE I REGISTERED OFFICE V' /y-..........._..

3•d Floor, Pnlal Towers, MG Road, Ravlpuram, Koehl 602016, In !!.~.,,,;, Phone: 91·484-2661900 .. ~

Emllfl: cs@ra1sp111.conii nn.ho@patspln.com

www.pat$pln.com

ISO 9001:2006/14001:2005 Corlltlod

Thanking you,

Yours faithfully,

For PA TSP IN INDIA LIMITED

Not Applicable 4 Disclosure of relationships

between directors (in case of

appointment of a director)

Shri. C.K..Gopalakrishnan Nair is a Textile Engineer having

professional experience over 35 years as Senior positions In Textile

Industry and also 10 years in the capacity of Managing Director of

public sector companies Viz, Jvi/s. Malappuram Co Operative Spinning

Mills, M/s. Sltaram Textiles and M/s. Kerala State Textiles

Corporation. He is also an Associate member of Textile Institute,

Manchester, I R C Textiles Kerala, Management Association,

Palakkad

Brief profile (in case of

appointment)

3

Second consecutive term of 5 years from the conclusion of the

ensuing Annual General Meeting (AGM) to the conclusion of

the 39th AGM of the Company

Dale of appointment lve-

appointment I cessation (as

applicable) and term of

appointment /re-appointment

2

Reason 1 Jot change Re-appointment of Shri, C.K.Gopalakl'islman Nair as N~

viz.appointment, re- Executive Independent Director for a second consecutive term

appointment, resignation, of 5 years from the conclusion of the ensuing Annual General

removal, Meeting (AGM) to the conclusion of the 39th AGM of the

death or otherwise Company

Particulars Details SN

The details as required under Regulation 30 of the Listing Regulations read with SEBI Master

Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ('SEBI Circular'),

are given below:

Ref: PATSPINlNDIA LTD

In furtherance to our letter Ref. PILC/2025-26 dated 05.08.2025, we would like to inform you

that As per recommendation of Nomination & Remuneration Committee, the Board has

approved re-appointment of Shri. C.K.Gopalakrislmau Nair as Non Executive Independent

Director for a second consecutive term of 5 years from the conclusion of the ensuing Annual

General Meeting (AGM) to the conclusionof the 39th AGM of the Company

Dear Sir/Madam,

Sub: Reappointment of Shl'i. C.K.Gopalakl'ishnan Nair (DIN 00521840) as

Non- Executive Independent Director for a second consecutive term of 5 years

A·fJ.hfX.V')"L E Ref. PILC/2025-26 Aug 5, 2025

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

MUMBAI - 400 001

----------------Page (9) Break----------------

~

Veena Vishwanath Bhandary

Company Secretary

Thanking you,

Yours faithfully,

For PATSPIN INDIA LIMITED PATSPIN INDIA LIMITED

CIN:L18101KL1991PLC006194

CORPROATE I REGISTERED OFFICE

3•d Floor; Pa!al Towers, MG Road, Ravipuram, Koehl 682016, India Phone: 91-484-2661900

G -r N Email: cs@patspin.coml fin.ho@patspin.com

G R O U P www.patspin.com

ISO 9001:2005114001:2005 Certified

SN Particulars Details

1 Reason for change viz.appointment, re- Resignation of Shri V.N. Balakrishnan (DIN:

appointment, resignation, removal, 08820393) Non-Executive Independent Director w.e.f

death or otherwise closing hours of Board Meeting date of 05.08.2025

2 Date of appointment /re-appointment I cessation w.e.f closing hours of Board Meeting date of

(as applicable) and term of appointment I re- 05.08.2025

appointment

3 Brief profile (in case of appointment) Not Applicable

4 Disclosure of relationships between directors (in Not Applicable

case of appointment of a director)

5 Letter of resignation along with detailed reasons Enclosed

for resignation

6 Names of listed entities in which the resigning • Name of listed entity - GTN Textiles Ltd

director holds directorships, indicating the • Category of Directorship - Non-Executive Independ

category of directorship and membership of Director

board committees, if any. • Membership of board committees -

Audit Committee -Member

Stakeholders Relationship Committee -Member

Nomination and Remuneration Committee - Member

7 The Independent Director shall, along with the Shri V.N. Balakrishnan (DIN: 08820393) Non-

detailed reasons, also provide a confirmation that Executive Independent Director has confirmed that

there is no other material reasons other than those there are no material reasons for his resignation other

provided. than those mentioned in his resiznation letter.

Please find below details w.r.t resignation of Shri V.N. Balakrishnan (DIN: 08820393) Non-Executive

Independent Director as required under Regulation 30, Schedule III - Para A(7B) of Part A of SEBI Listing

Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024:

Ref: (i)Resignation of Shri V.N. Balakrishnan (DIN: 08820393) Non-Executive Independent

Director w.e.f closing hours of Board Meeting date of 05.08.2025

Dear Sir/Madam,

Sub: Additional Details under Regulation 30 and Schedule III of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular

SEBl/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024

(ii)P ATSPIN INDIA LTD

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

MUMBAI - 400 001

. . . .. A~ ". . . . E> 7=· ~--· /°""N NE x U 12.c -, ~~~

Aug 6, 2025 PAISl'll~

~I

-.- Ref. PILC/2025-26

----------------Page (10) Break----------------

Thank you once again for the oppotWlllY an<;! trust reposed ln me.

l confirm that.there are no materlal reasons for my reslqnallon other than those stated ebove,

l would like to express rny sincere gratitude to the Board and the Management for their continued

support. and cooperation during. my tenure. Ith as been El prlvllege lo serve on tile Board and

cohtrlb'Ute to the growth and governance of the comp'any.

I l<lndly request the Board to acceptrny resignation and take nec·es11ary steps to file therequlslte

e-forms with Stock Exchange(S). and Registrar of Companies, as EippHoable to give t'lffeot to t11e

same.

Sirs/ Madam,

S4b; Complefldn of term of5 years as No11~ Executive &Jndspendeht .OlreclM~

Reslg110Ui;in from lhe postfrom the closing hours or 51h Augu1;t 2026.

Ref: Patspln lhdla Urnlted

I acknoiNle~ge ret:elptbf notice convenlnq meeting of the Board of Directortl' on Tuesday, 51h

Aumist, 202ff.

I am comp!etlng rny five year term as a Non- Executive h1dependent Director In the company an.d

dtieto my. 1;1'dVanclngf.1ge and certalli personal reasons, l hereby lender nw resignation from the

position oflndepende,nt director Of Mis Patspln India Llmlled.at the closing hours of the ensuing

Board meeUng l.e. 5111 August 2025. I am also resign from the06mtnlltees of the Board, l am

member of.

the Board of Directors Pafapin lndla limited ·

Koehl

21ai July 2025

VP Ho~rno, AsolcnpurQm, Aluvu

l'lni~l<it1am 6Q3 1 D1

V.N IJALAl(k!SHNAN

V.N EIALAKRISHNAN

(DIN: 0882039)

Independent Director

----------------Page (11) Break----------------

PATSPIN INDIA LIMITED

CIN: L 10101l<L 1991PLCOOB194

CORPROA'TE I REGISTERED OFFICE

3'° Floor, Palal Towels, MG Road, Ravlpurarn, Koehl 602016, India Phone: 91-48~-2661900

EmaU; ts@patspln.coml nn.ho@palspln.com

WWW .com

ISO 90 ~8 114001 :2006 CerU[ln(.1

~

1

~ i

GTN

!i GROUP

I

Veena Vishwanath Bhandary

Company Secretary

Thanking you,

Yours faithfully,

ForPATSPIN INDIA LTD

Kindly take the aforesaid information on record.

SN Particulars Details

] Reason for change Appointment of Shri M R L Naraslmha , FCS Practicing Company

viz.appointment, re- Secretary, having FCS No:2851, CP No.799 as Secretarial Auditor of the

appointment, resignation, Company for a period of five years to hold office from P1 April 2025 to

removal, 31st March 2030 (FY 2025-26 to FY 2029-30) to conduct Secretarial

death or otherwise Audit of the Company, subject to the approval of the shareholders of the

Company

2 Date of appointment /re~ Date ofappointment is August 5, 2025

appointment I cessation (as

applicable) and term of To conduct Secretarial Audit of the Company for a period of five

appointment I re- consecutive years commencing from FY 2025~26 to FY2029~30,

appointment (subjectto the approval of the shareholders of the Company) with effect

from lst April, 2025

- - " 3 Brief profile (in case of Shri, MRL Narasimha, Practising Company Secretary is having more than

appointment) 3 decades of experience in the field of Company Secretary and having vast

experience hi carrying out Secretarial Audit of listed companies.

4 Disclosure of relationships Not Applicable

between directors (in case of

appointment of a director)

With reference to captioned subject, as required we are providing the following details of w.r.t

Appointment of Secretarial Auditor to conduct Secretarial Audit of the Company for a period of five

consecutive years commencing from FY 2025-26 to FY 2029~30, subject to the approval of the

shareholders of the Company at the ensuing AGM

Ref: PATSPIN INDIA LTD

Sub: Appointment of Secretarial Auditor - Submission of details as required under

Regulation 30 of the Listing Regulations read with SEBI Master Circular No.

SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ('SEBI Circular')

Dear Sir/Madam,

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

MUMBAI - 400 001

Aug 5, 2025 Ref. PILC/2025-26

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