E-Land Apparel Limited has announced a key leadership appointment, with the board of directors approving the appointment of Mr. Woo Sang Kim as Additional Executive Director and Chief Financial Officer. The decision was made during a board meeting held on January 20, 2026, marking a significant step in the company's leadership structure.

Board Meeting Outcomes

The board meeting, which commenced at 3:00 PM and concluded at 4:30 PM on January 20, 2026, resulted in the formal approval of Mr. Kim's dual appointment. The decision was made based on the recommendation of the Nomination and Remuneration Committee, ensuring proper governance protocols were followed.

Professional Background and Expertise

Mr. Woo Sang Kim brings substantial experience to his new role, with over 20 years of expertise in the fashion industry. His professional background encompasses critical areas including global sourcing, garment production, and quality management. Throughout his career, he has held key positions at several prominent organizations in the fashion sector.

His experience spans across major fashion companies including:

• ELAND Group
• LF Corp
• Hyungji Fashion Group

Currently serving as Manager at E-Land Apparel, Mr. Kim has demonstrated proficiency in international operations and combines expertise in both business administration and fashion design to deliver efficient and customer-focused results.

Regulatory Compliance and Governance

The appointment follows all regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Kim is not related to any existing directors personally, financially, or otherwise, ensuring independence in his role.

Additionally, the company has verified that Mr. Kim is not debarred from holding the office of Director pursuant to any SEBI Order or order of any other authority, meeting all regulatory compliance requirements.

Next Steps and Approvals

While the board has approved the appointment, it remains subject to approval from the company's shareholders and other applicable statutory approvals. This standard procedure ensures that all stakeholders have the opportunity to review and approve significant leadership changes within the organization.

The appointment reflects E-Land Apparel's commitment to strengthening its leadership team with experienced professionals who can contribute to the company's strategic objectives and operational excellence in the competitive apparel industry.

Elan Group has awarded an ₹840 crore construction contract to Tata Projects for its ultra-luxury residential development Elan The Statement in Sector 49, Gurugram. This strategic partnership is being viewed as a significant confidence booster for homebuyers and investors in the region's premium housing market, particularly as buyers increasingly prioritize execution certainty, construction quality, and timely delivery.

Project Overview and Investment Details

Elan The Statement represents a substantial investment in Gurugram's luxury residential landscape. The project specifications demonstrate the scale and ambition of this development:

Market Impact and Buyer Confidence

The involvement of Tata Projects brings institutional credibility to the project, addressing key concerns that have emerged in the NCR market following years of uneven project completion. Industry experts highlight that reputed construction partners help minimize execution risk, ensure adherence to timelines, and deliver higher-quality finishes—elements that directly influence long-term asset value and livability.

The contract award has broader implications for regional housing inventory, as Sector 49 and surrounding micro-markets have witnessed steady tightening of ready and near-ready luxury supply. This has been driven by strong absorption and a cautious approach by developers toward new launches.

Architectural Design and Features

The project showcases distinctive architectural elements designed by Benoy, the London-headquartered global design firm. Key features include:

• Striking metal-and-glass façade
• Two-units-per-core configuration
• Private lift lobbies
• Strong emphasis on privacy
• Ultra-spacious residences targeting low-density living

These design elements align with evolving buyer preferences in the post-pandemic luxury housing market, particularly the demand for privacy and spacious living environments.

Leadership Perspectives

Rakesh Kapoor, Chairman of Elan Group, emphasized that the appointment of Tata Projects reflects the developer's focus on disciplined execution and long-term value creation. He noted that projects of this scale require partners with proven engineering and delivery capabilities.

Raman Kapil, President & COO – Buildings and Infrastructure at Tata Projects Ltd, expressed the company's commitment to associating with Elan Group on a project that aims to redefine luxury residential living and contribute to Gurugram's evolving skyline.

Market Outlook

Market observers indicate that such partnerships are likely to raise buyer confidence across the region, encouraging faster decision-making and healthier absorption rates. As Gurugram's luxury housing market matures, construction-led credibility is emerging as a key factor in unlocking both end-user demand and investor interest, particularly in established, infrastructure-rich locations like Sector 49.