E-Land Apparel Limited has published newspaper advertisements regarding the dispatch of postal ballot notice for the appointment of Mr. Woo Sang Kim as Whole Time Director. The company issued formal communication to BSE Limited on March 17, 2026, confirming compliance with SEBI regulations for the ongoing postal ballot process.

Regulatory Compliance and Advertisement Publication

The company published advertisements in compliance with Regulations 30 and 47 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisements were published on March 17, 2026, in both English and local language newspapers to ensure comprehensive stakeholder communication.

Appointment Details and Remuneration Structure

The postal ballot seeks approval for appointing Mr. Woo Sang Kim (DIN: 11458038) as Whole Time Director for a five-year term commencing from January 20, 2026. The proposed appointment includes comprehensive remuneration terms designed to attract executive talent.

E-Voting Process and Timeline

The company has implemented a comprehensive remote e-voting mechanism through National Securities Depository Limited (NSDL) with Mr. Vaibhav Dandawate appointed as Scrutinizer. The process excludes physical postal ballot forms, conducting all communications electronically.

Candidate Profile and Qualifications

Mr. Woo Sang Kim brings over 20 years of experience in the fashion industry, specializing in global sourcing, garment production, and quality management. His background includes leadership positions at ELAND Group, LF Corp, and Hyungji Fashion Group, with educational qualifications from Sunkyungkwan University in Business Administration and Fashion Design.

Shareholder Communication and Access

Shareholders can access the complete postal ballot notice on the company's website at www.elandapparel.com , BSE website, and NSDL's e-voting platform. The company has arranged electronic communication through Bigshare Services Private Limited for shareholders to register email addresses and participate in the voting process.

Goldman Sachs has raised concerns about the impact of crude-linked raw material inflation on the apparel sector, warning of significant margin pressure across key industry players. The investment bank's analysis highlights how rising costs of essential materials are creating headwinds for apparel companies' profitability.

Key Materials Driving Inflation

The inflation pressure is primarily stemming from three critical raw materials used extensively in apparel manufacturing:

• Polyester: A synthetic fiber widely used in clothing production
• EVA (Ethylene Vinyl Acetate): Commonly used in footwear and accessories
• PU (Polyurethane): Essential for synthetic leather and shoe manufacturing

These materials are directly linked to crude oil prices, making apparel companies vulnerable to energy market volatility.

Most Exposed Companies

Goldman Sachs has identified three companies as particularly vulnerable to this inflationary pressure:

Financial Impact and Outlook

The investment bank anticipates several negative consequences from the ongoing raw material inflation:

Near-term Challenges

• Gross margin pressure across the apparel sector
• Immediate impact on profitability metrics
• Potential squeeze on operating margins

Demand-side Risks

If inflation remains elevated, Goldman Sachs warns of potential demand risks as companies may be forced to pass on higher costs to consumers, potentially affecting sales volumes.

Target Price Revisions

In response to these concerns, Goldman Sachs has revised its 12-month target prices downward across its apparel sector coverage:

The varying degree of target price cuts reflects the different levels of exposure each company has to crude-linked raw material inflation, with the most vulnerable companies likely facing the higher end of the revision range.