General Updates

"Shree Sakthi Kunj" 9, Ramalinga Nagar, IV Cross, S.B. Colony, E..E`...l=' Coimbatore -64i Oil. Tamil Nadu, INDIA © Off : 0422 -2454415 Email : jnfo@salonagroup.com Web : www.salonagroup.com June 30, 2026 National Stock Exchange of India Ltd. Exchange plaza Bandra-Kurla Complex Bandra (E) Mumbai -400 051 SYMBOL -SALONA Dear Sir/Madam Sub : Outcome of Meeting of the Board of Directors pursuant to Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 We wish to inform you that the Board of Directors of the Company in the meeting held on June 30, 2026 inter alia, had approved the following: Pursuant to Regulation 30 read with para A, part A of Schedule Ill of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that the Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, at its meeting held on June 30,2026, has inter alia, considered and approved the following, 1. Re-designation and appointment of Mr. Manoj Kumar Jhajharia (DIN: 00003076), presently serving as Joint Managing Director (Non-Independent Executive) of the Company, as Managing Director, with effect from July 01, 2026 till June 30, 2031 subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company - He is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India (SEBl) or any other statutory authority under any laws. 2. Re-designation and appointment of Mr Shyam Lal Agarwala (DIN:00003055) presently serving as Chairman & Managing Director (Non-Independent Executive) of the Company as Chairman & Director with effect from July 01, 2026 and not liable to retire by rotation subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company - He is not disbarred from holding the office of the Director by virtue of any order of the SEBl or any other statutory authority under any laws. 3. Appointment of lntemal Auditor Approved the appointment of M/s. P S G & Co., Chartered Accountants 07279S) as the Internal Auditor of the Company for the financial year 2026-27. SPINNING YARN TO PERFECTION Regd. Off. / Mills SF No. 74/12 & 75/3, Sathy Main Road, Pungampalli, Valipalayam (P.O) Sathy 402. Tamilnadu. GSTIN : 33AACCS4554NIZ3 OEKO-TEX ® PAN No. : AACCS4554N „3rAi.D:i'F2'i'#.ae CIN No. : L17111 TZ 1994 PLC 004797 "Shree Sakthi Kunj" 9, Ramalinga Nagar, IV Cross, S.B. Colony, 5adoonFgp.EL Coimbatore -641011. Tamil Nadu, INDIA © Off : 0422 -2454415 Email : info@salonagroup.com Web : www.salonagroup.com 4. Regulation 30(5) - Materiality Pursuant to Regulation 30(5) of SEBl (Listing Obligations and Disclosure Requirements), 2015, the Board of Directors has authorized the following personnel of the Company for the purpose of determining materiality of event or information and for the purpose of making disclosures to the Stock Exchange. The contact details of the above mentioned personnel are as follows: Name of the Authorized Key Managerial Mr Manoj Kumar Jhajharia Personnel Designation Managing Director Email mk@salonagroup.com Telephone 0422-2454415 The details as required under Regulation 30 Of SEBl (Listing Obnoations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, in respect Of the Item Nos. 1, 2 & 3 is enclosed in Annexuro -A, The meeting commenced at 05.00 P.M and concluded at 08.20 P.M. The above information is available on the Company's website www.salonacotsDin.com. Kindly take the above details on record. Thanking You, SPINNING YARN TO PERFECTION Regd. Off. / Mills : SF No. 74/12 & 75/3, Sathy Main Road, Pungampalli, Valipalayam (P.O) Sathy T.K -638 402. Tamilnadu. GSTIN : 33AACCS4554NIZ3 OEKO-TEX ® PAN No. : AACCS4554N "ri#Dii`±D±'#ffi CIN No. : L17111 lz 1994 PLC 004797 +nm H lm, |irm\n "Shree Sakthi Kunj" 9, Ramalinga Nagar, IV Cross, S.B. Colony, E..I-.,..'.'l=' Coimbatore -641011. Tamil Nadu, INDIA © Off : 0422 -2454415 Email : info@salonagroup.com Web : w\r\rw.salonagroup.com The details required under Regulation 30 of the Listing Regulations read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 are enclosed herewith. Details Manoj Kumar Jhajharia Reason for change viz. appointment, re- Appointment as Managing Director ----:-+-I--+ ,I--:J,--®i-- r---, ,-I A--,I -I `-rr`..' ,.. . '`r. '., . --.a. .-`.-. '' . -. . .-' _., ___.. . -. -+h-h,J,A- Date of appointment / Fe appeip.tmept / Effective July 01, 2026 subject to the eeesatiei] (as applicable) & term of approval of shareholders in the Annual appointment General Meeting for five years. Brief Profile (in case of appointment) V\/ith a graduation in Business Management, he is a pioneering and visionary leader in the textile industry, with over three decades of experience and counting. As the Managing Director, he is a strategic, dynamic, and inspirational pillar of the company, playing a pivotal role in its growth and continued success. He has been awarded and rewarded and is a recognised name in the textile industry who thrives for innovation and sustainability. Disclosure of relationships between Mr. Shyam Lal Agarwala, Chairman & directors (in case of appointment of a Managing Director, Mr. Arunkumar director) Jhajharia, Director and Mr Raghav Agarwal, Director are his relatives. Not related to any other Directors or their relatives. Details Shyam Lal Agarwala Reason for change viz. appointment, fe+ Appointment as Chairman & Director _I• - I - _ - '' ' -- ' I - - I - - ' I- -I ' -- -`- g`- '_- ``-- ' `' . ' A -`_ '^ '-` `'^ _1 '' I--+I, -I A,l^^,,J:A- Date of appointment .' Fe appeiFitment .' Effective July 01, 2026 subject to the '-.-'-. _rr"-__`-I --a ... e approval of shareholders in the Annual ---'..-. General Meeting. IE=]-- - Brief Profile (in case of appointment)5,i=i:,ij[§ Vvith over five decades of extensive knowledge and experience in the textile industry, possesses a deep understanding of both the domestic and export markets. As Chairman, his leadership and expertise have been instrumental in shaping the industry's growth and success. He is the backbone of the Company who has shaped the Company with this vision.TOPERFECTION SPINNING YARN egcl. UIT. / Mllls : >r No. /ct/iz a /./i, 3diTiy ivicHii r`uau, rui9CllllL/awl, VclllL/aiayaiii \r.u/ -u`iiy iM v.v iv4. ,u,ii.,,,.... GsllN : 33AACCS4554NIZ3 OEKO-TEX ® PAN No. : AACCS4554N STANDARD 1 00 1 I i-. *-` .a.Ex.tan IiiTI CIN No. : L17111 lz 1994 PLC 004797 "Shree Sakthi Kunj" 9, Ramalinga Nagar, IV Cross, S.B. Colony, E..I-.I..'.I"=. Coimbatore -641011. Tamil Nadu, INDIA © Off : 0422 -2454415 Email : info@salonagroup.com Web : www.salonagroup.com Disclosure of relationships between Mr. Manoj Kumar Jhajharia, Joint Managing directors (in case of appointment of a Director, Mr. Arunkumar Jhajharia, Director director) and Mr Raghav Agalwal, Director are his relatives. Not related to any other Directors or their relatives. Details M/s P S G & Co Reason for change viz. appointment, fe- Appointment as Internal Auditors of the • -- - .--. - -- -. -.-- A - . - Company for the financial year 2026-2027 -rr'-.. .`. . '`., I.I . `r`..I,. '.I-.`.. ., . `'. . .I, , -,I ----. . -. -+I,-n,,:-- Date of appointment / re-appointment / Appointment on Jun 30, 2026 for the cessation (as applicable) & term of financial year 2026-2027 appointment Brief Profile (in case of appointment) P S G & Co is a partnership firm based in Coimbatore, Tamil Nadu, engaged in providing professional services across a broad spectrum of assurance, taxation, and advisory functions. The firm is committed to maintaining high standards of professional integrity, ethics, and technical competence. Its areas of expertise include Audit and Assurance, Internal Audits, Informat [Showing first 8,000 characters — download PDF for full document]