Lorenzini Apparels Limited has issued a comprehensive postal ballot notice to its shareholders, seeking approval for critical corporate governance matters and a significant related party transaction. The notice, dated February 24, 2026, outlines three key resolutions that require member consent through remote e-voting.

Board Composition Enhancement

The company proposes to strengthen its board structure through the appointment of two independent directors. Both appointments stem from board decisions made on February 14, 2026, when the individuals were initially appointed as additional directors.

Mr. Ish Sadana brings over 14 years of experience in corporate laws, holding qualifications including a Bachelor's degree in Commerce from Delhi University, Company Secretary certification, and LLB from Meerut University. He currently serves as an independent director on seven other boards including Plaza Wires Limited and Minda Finance Limited.

Ms. Monam Kapoor serves as the Authorised Representative for Techtone (HK) Energy Company's Liaison Office since July 2021. She holds a PGDBM in Operations Management from Symbiosis Centre for Distance Learning and has cleared the Independent Director Examination under IICA. She currently holds directorships in nine other companies including Kedarnath Industries Limited and Oscar Global Limited.

Related Party Transaction

The third resolution involves a material related party transaction requiring ordinary resolution approval. The company proposes to sell its "Mr Button" trademark to Mr Button Private Limited.

The transaction has been structured as an arm's length deal, certified through an independent valuation report. The Audit Committee has reviewed and approved the transaction, confirming it serves the company's best interests. The sale aims to monetize intellectual property while reducing ongoing compliance obligations related to royalty arrangements.

Voting Process and Timeline

The company has appointed M/s Anuj Gupta Associates, Practicing Company Secretaries, as the scrutinizer to ensure fair and transparent voting. The remote e-voting facility will be provided through Central Depository Services (India) Limited.

Shareholders whose names appear on the register as of the cut-off date are eligible to participate in the voting process. The company will communicate results to both BSE Limited and National Stock Exchange of India Limited within two working days of the e-voting period's conclusion.

Regulatory Compliance

The postal ballot notice complies with various regulatory requirements including Section 110 of the Companies Act 2013, SEBI Listing Regulations, and multiple MCA circulars. The company has made arrangements for shareholders to register email addresses for participation in the electronic voting process, emphasizing the shift toward digital governance mechanisms.

Lorenzini apparels Limited has strengthened its board governance by appointing two new Independent Directors. The company's Board of Directors approved these strategic appointments during their meeting held on February 14, 2026, as part of their commitment to enhanced corporate governance practices.

Board Appointments Details

The company has appointed two Additional Directors in the capacity of Non-Executive Independent Directors, both subject to shareholder approval:

Professional Background of New Directors

Mr. Ish Sadana's Profile

Mr. Ish Sadana brings exceptional management skills and extensive corporate governance experience to the board. His educational qualifications include:

• Bachelor's degree in Commerce from Delhi University
• Company Secretary (CS) program from the Institute of Company Secretaries of India
• Bachelor of Laws (LLB) degree from Meerut University
• Successfully qualified Independent Director Examination for lifetime eligibility

With over 14 years of experience in Corporate Laws, Mr. Sadana has developed deep expertise in legal and regulatory compliance, corporate governance, and management practices. Throughout his distinguished career, he has served as an Independent Director in several reputable companies, contributing strategic insight to strengthen governance practices and drive organizational success.

Ms. Monam Kapoor's Profile

Ms. Monam Kapoor is an accomplished professional currently serving as the Authorised Representative for Techtone (HK) Energy Company's Liaison Office since July 2021. Her qualifications and experience include:

• Successfully cleared the Independent Director Examination under IICA
• Strong leadership background with previous roles as Class Representative in college and House Leader in school
• Expertise in communication, governance awareness, and responsible work ethic

Ms. Kapoor brings dedication and clarity to every role she undertakes, making her a valuable addition to the board's governance structure.

Regulatory Compliance

The appointments have been made in compliance with Regulation 30 of Securities Exchange Board of India (Listing Obligation and Disclosure Requirement Regulation, 2015) read with Schedule III. The company has confirmed that both directors are not related to any existing Director(s) of the Company, ensuring independence in board decisions.

Strategic Impact

These appointments reflect Lorenzini Apparels Limited's commitment to strengthening its board composition with experienced professionals who bring diverse expertise in corporate governance, legal compliance, and strategic management. The addition of these Independent Directors is expected to enhance the company's governance framework and provide valuable strategic guidance for future growth initiatives.