The Board of Directors of Shashwat Furnishing Solutions Limited, at its meeting held on 03rd September, 2026 approved the re-appointment of Mr. Hitesh Karnawat as Chairman and Managing ....

Shashwat Furnishing Solutions Limited CIN: L20299RJ2021PLC073899 Date: 03.09.2026 BSE Limited, 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 BSE Scrip Code: 543513 Dear Sir/Madam, Ref.: Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (’Listing Regulations’), we wish to inform you that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company at its meeting held on today i.e. Thursday, 03rd September, 2026, have, inter-alia, transacted the following item of business, and taken the decision as under: 1) Re-appointment of Mr. Hitesh Karnawat (DIN:09097273) as Chairman and Managing Director on the Board of Directors of the Company for a term of 5 (Five) years w.e.f. 04th September, 2026 to 03rd September, 2031 on the expiry of his existing term on 03rd September, 2026, subject to approval of members of the Company in the forthcoming General Meeting. Pursuant to BSE Circular LIST/COMP/14/2018-19, we hereby affirm that Mr. Hitesh Karnawat (DIN: 09097273) is not debarred from holding the office of Chairman and Managing Director by virtue of any SEBI order or any such authority and holds 11,24,850 (53.87%) Equity Shares in the Company. 2) Re-appointment of Mr. Lalit Ghewarchand Karnawat (DIN:09097274) as a Whole-Time Director on the Board of Directors of the Company for a term of 5 (Five) years w.e.f. 04th September, 2026 to 03rd September, 2031 on the expiry of his existing term on 03rd September, 2026, subject to approval of members of the Company in the forthcoming General Meeting. Pursuant to BSE Circular LIST/COMP/14/2018-19, we hereby affirm that Mr. Lalit Ghewarchand Karnawat (DIN: 09097274) is not debarred from holding the office of Whole-Time Director by virtue of any SEBI order or any such authority and holds 250 (0.01%) Equity Shares in the Company. 3) Re-appointment of Mrs. Mayuri Karnawat (DIN:09276591) as a Whole-Time Director on the Board of Directors of the Company for a term of 5 (Five) years w.e.f. 04th September, 2026 to 03rd September, Registered Office - 121, Mahaveer Nagar, Jain Colony, Guro Ka Talab, Jodhpur-342001, Rajasthan, India; Email – info@handicraftsvillage.com; Tel No. – 9001269000, Website: www.handicraftsvillage.com Shashwat Furnishing Solutions Limited CIN: L20299RJ2021PLC073899 2031 on the expiry of her existing term on 03rd September, 2026, subject to approval of members of the Company in the forthcoming General Meeting. Pursuant to BSE Circular LIST/COMP/14/2018-19, we hereby affirm that Mrs. Mayuri Karnawat (DIN: 09276591) is not debarred from holding the office of Whole time Director by virtue of any SEBI order or any such authority and holds 85000 (4.07%) Equity Shares in the Company. 4) Appointment of Mr. Devesh Bhati (DIN:07415367) as an Additional Director in the category of Non- Executive Independent Director on the Board of Directors of the Company for a term of 5 (Five) years w.e.f. 04th September, 2026 to 03rd September, 2031, subject to approval of members of the Company in the forthcoming General Meeting. Pursuant to BSE Circular LIST/COMP/14/2018-19, we hereby affirm that Mr. Devesh Bhati (DIN: 07415367) is not debarred from holding the office of Independent Director by virtue of any SEBI order or any such authority and holds no Equity Shares of the Company. 5) Appointment of Mr. Jagdish Jangid (DIN:10671712) as an Additional Director in the category of Non-Executive Independent Director on the Board of Directors of the Company for a term of 5 (Five) years w.e.f. 04th September, 2026 to 03rd September, 2031, subject to approval of members of the Company in the forthcoming General Meeting. Pursuant to BSE Circular LIST/COMP/14/2018-19, we hereby affirm that Mr. Jagdish Jangid (DIN:10671712) is not debarred from holding the office of Independent Director by virtue of any SEBI order or any such authority and holds no Equity Shares of the Company. 6) Appointment of Mrs. Sweta Duggar as an Additional Director in the category of Non-Executive Independent Director on the Board of Directors of the Company for a term of 5 (Five) years w.e.f. 04th September, 2026 to 03rd September, 2031, subject to approval of members of the Company in the forthcoming General Meeting. Pursuant to BSE Circular LIST/COMP/14/2018-19, we hereby affirm that Mrs. Sweta Duggar is not debarred from holding the office of Independent Director by virtue of any SEBI order or any such authority and holds no Equity Shares of the Company. 7) Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that Mr. Adesh Bhansali (DIN: 09298681) has completed his term as an Independent Director of Shashwat Furnishing Solutions Limited and will consequently cease to be a Director of the company, effective from September 04, 2026. 8) Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that Mr. Praveen Kumar Bokariya (DIN: 08028204) has completed his term as an Registered Office - 121, Mahaveer Nagar, Jain Colony, Guro Ka Talab, Jodhpur-342001, Rajasthan, India; Email – info@handicraftsvillage.com; Tel No. – 9001269000, Website: www.handicraftsvillage.com Shashwat Furnishing Solutions Limited CIN: L20299RJ2021PLC073899 Independent Director of Shashwat Furnishing Solutions Limited and will consequently cease to be a Director of the company, effective from September 04, 2026. 9) Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that Mr. Neelabh Gotecha (DIN: 09297849) has completed his term as an Independent Director of Shashwat Furnishing Solutions Limited and will consequently cease to be a Director of the company, effective from September 04, 2026. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 (Master Circular) read with SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are given in ‘Annexure –1-9’. The meeting commenced at 07:00 P.M. and concluded at 07:30 P.M. You are requested to take the same on your records and oblige. Thanking You Yours sincerely FOR SHASHWAT FURNISHING SOLUTIONS LIMITED HITESH KARNAWAT CHAIRMAN & MANAGING DIRECTOR DIN: 09097273 Enclosure: Annexure-1-9 Registered Office - 121, Mahaveer Nagar, Jain Colony, Guro Ka Talab, Jodhpur-342001, Rajasthan, India; Email – info@handicraftsvillage.com; Tel No. – 9001269000, Website: www.handicraftsvillage.com Shashwat Furnishing Solutions Limited CIN: L20299RJ2021PLC073899 DETAILS REQUIRED UNDER REGULATION 30 OF THE SEBI LISTING REGULATIONS READ WITH SEBI CIRCULAR NO. SEBI/HO/CFD/POD2/CIR/P/2023/120 DATED JULY 11, 2023 (MASTER CIRCULAR) READ WITH SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 DATED JULY 13, 2023 Annexure-1 Sr. No. Particulars Details 1. Reason for change viz. Mr. Hitesh Karnawat current appointment, re- tenure as the Chairman and appointment, resignation, Managing Director of the removal, death or otherwise; Company expires on 03rd September, 2026. Based on the recommendation of the Nomination and Remuneration Committee of the Company, the Board of Directors at its meeting held today i.e. September 03, 2026 has approved the re- appointment of Mr. Hitesh Karnawat for a term of 5 (Five) years w.e.f. 04th September, 2026 to 03rd September, 2031, subject to approval of the members of the Company. 2. Date of appointment/re- Date of re-appointmen [Showing first 8,000 characters — download PDF for full document]