Cravatex Limited has announced a change in its board of directors.

Ms. Pheroza Jimmy Bilimoria has ceased her role as an Independent Director of the company, with her departure due to the expiry of her second term.

This update is significant for investors, as Independent Directors are vital for maintaining robust corporate governance and providing essential objective oversight of company operations.

Shareholders should note this evolution in the board's composition, impacting the company's governance structure.