E-Land Apparel Independent Director Resigns Effective May 22

E-Land Apparel Limited has informed the stock exchanges regarding the resignation of its Independent Director, Mr. Guy Deuk Yeon. The resignation was tendered effective from the close of business hours on May 22, 2026. The company stated that the decision was driven by the director's preoccupation and certain personal commitments.

The resignation letter was received by the company on May 22, 2026. In his communication, Mr. Yeon confirmed that there are no other material reasons for his resignation apart from the personal commitments cited. He also requested the board to take the necessary steps to file the required e-forms with the Registrar of Companies, Bangalore.

Board Composition Changes

The change in the board composition was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the details of the cessation, including the director's DIN and the specific date of resignation.

Director’s Other Roles

According to the disclosures, Mr. Guy Deuk Yeon holds other directorships in listed entities. He serves as an Independent Director at CJ Darcl Logistics Limited. Additionally, he holds the position of Chairperson on the Nomination and Remuneration Committee of that company.

Name of the Company	Category of Directorship	Committee Name	Role
CJ Darcl Logistics Limited	Independent Director	Nomination and Remuneration	Chairperson

The resignation has been accepted by the board, and the necessary records are being updated.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.59%	+3.23%	+4.93%	+10.53%	-19.41%	+266.58%

Meyer Apparel Limited has informed BSE Limited of a material litigation update pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, dated May 14, 2026, follows an earlier intimation dated August 11, 2023, and provides an update on the resolution of long-standing legal proceedings involving the company.

Settlement of Decade-Old Litigations

The company has settled more than decade-old litigations without admission of any liability. The decision to settle was taken to save litigation costs and management time, as stated in the regulatory filing. All proceedings have been withdrawn by both parties involved, marking a formal closure of the legal disputes.

The key details of the settlement, as disclosed under Regulation 30 read with Clause 8 of Para B of Part A of Schedule III of the SEBI Listing Regulations, are summarised below:

Parameter:	Details
Nature of Settlement:	Settlement of more than decade-old litigations
Admission of Liability:	None
Status of Proceedings:	Withdrawn by both parties
Reason for Settlement:	To save litigation cost and management time
Financial Reflection:	To be reflected in financial results for June 2026 quarter
Litigation Against KMP/Promoter:	Not Applicable

Financial Impact and Disclosure

The settlement amount will be reflected in the financial results for the June 2026 quarter. The company has made this disclosure in compliance with Regulation 30 of the SEBI Listing Regulations and the relevant SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation has also been made available on the company's official website.

The filing was submitted by Anjali Tiwari, Company Secretary and Compliance Officer of Meyer Apparel Limited, on May 14, 2026.