Crown Lifters Ltd has accepted the resignation of Mrs. Payal Pravin Madhani as an Independent Director effective from the close of business hours on July 14, 2026. The resignation was attributed to her personal and professional commitments. This development impacts the company's board composition and committee structure, necessitating potential future appointments to fill the vacancy.

Prior to her resignation from the board, Mrs. Payal Pravin Madhani ceased to hold the position of Chairperson of the Audit Committee and Member of the Nomination and Remuneration Committee effective July 7, 2026. The company confirmed that there are no other material reasons for her resignation beyond those stated in her resignation letter. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mrs. Payal Pravin Madhani confirmed that the reason provided is the sole basis for her departure. She also holds the position of Independent Director on the Board of Hexagon Nutrition Limited and serves as a Member of its Audit Committee. The company has filed the necessary intimations with the stock exchanges and statutory authorities regarding this change.

Resignation Details

Crown Lifters Ltd has appointed Mrs. Natasha Nizar Rajwani as an Additional Non-Executive Non-Independent Director on its Board, effective July 7, 2026. The appointment was approved by the Board of Directors during its meeting held on Tuesday, July 7, 2026, based on the recommendation of the Nomination and Remuneration Committee. This decision is subject to the approval of the shareholders, and the appointee is liable to retire by rotation.

Mrs. Natasha Nizar Rajwani holds a DIN of 11804744 and is not debarred from holding the office of Director by virtue of any SEBI order or any other authority. The company confirmed this compliance in accordance with NSE Circular No. NSE/CML/2018/24 dated June 20, 2018. The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), 2015.

Profile and Relationship

Mrs. Rajwani completed her MBA in Finance and Marketing from Dehradun in 2008. She possesses experience in financial management, budgeting, accounting, and compliance, along with strong analytical and decision-making skills. The company expects her to bring a professional and result-oriented approach to contribute effectively to its financial and strategic objectives.

A disclosure of relationships indicates that Mrs. Natasha Rajwani is related to Mr. Nizar Rajwani, a Director and Key Managerial Personnel of the company, as his spouse. The term of the appointment is not applicable as the position is liable to retire by rotation.

Board Meeting Details

The Board Meeting to consider this appointment commenced at 11:30 A.M. and concluded at 12:30 P.M. on July 7, 2026. The necessary details regarding the appointment have been submitted to the National Stock Exchange of India Limited for record purposes.