Scheme of Arrangement & inter alia, approved the following:a Scheme of Arrangement pursuant to Sections 230 and 232 of the Companies Act, 2013 for demerger of the Entertainment Business ("Demerged Undertaking") of Amrapali Industries Limited into Amrapali Asset Reconstruction Private Limited with effect from the Appointed Date on April 1, 2020. The Scheme is subject to requisite statutory approvals including sanction by the National Company Law Tribunal and approval of the BSE Limited. The Scheme will be filed with the Stock Exchanges as per the applicable provisions of Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

inter alia, to consider and approve Board meeting intimation for appointment of statutory Auditor, along with other Agenda.

inter alia, approved the following: 1.Approved the appointment of Mr. Rakesh Todkari as the Company Secretary and Compliance officer of the Company. 2.Approved the Resignation of Ms. Nupur Gadekar From the Post of Company Secretary And Compliance Offier of the Company. 3.Approved the accepted the Appointment of Mr. Ganesh Nibe as the Additional Director Promoters Category (Managing Director of the Company). 4.Approved and Accepated the Appointment of Mrs. Manjusha Nibe as the Additional Director -Promoter Category (Executive Women Director and Chairman of the Company. 5.Approved the Appointments of Mr. Sanjay Dhige as The Additional Non-Eexecutive Director-Independent Category Of the Company. 6.Approved the Appointment of Mr. Shyamkant Pawar As the Additional Non-Executive Director Independent Category of the Company. 7.Approved the Appointment of Mr. Bhagwan Gadade As the Additional Non-Executive Director - Independent Category Of the Company. 8.Approved the Appointment of Mr. Hemant Wani as the Chief Financial Officer of the Company. 9.Accepted the Rssignation of Mr. Shailesh Harish Chandak from the post of Managing Director of the Company. 10.Accepted the Resignation of Mrs. Sarika Chandak from the post of Non-Executive Directorship. 11.Accepted the Resignation of Mr. Govindlal Saboo from the post of Independent Directorship. 12.Accepted the Resignation of Mr. Kishan Kumar Sarda from the post of Independent Directorship. 13.Approved the Reconstatution of the Board and Board Committees of the Company. 14.Approved the Addition of Mr. Ganesh Nibe and Mrs. Manjusha Nibe in the Promoter and Promoter Group of the Company pursuant to Open offer given by him to the shareholdera of the company and the Disclosure filed with BSE. 15.Approved the alteration of the main object clause of the Memorandum of Association of the Company and Adoption of the New MOA of the Company as per the Companies Act,2013. 16.Approved the Change in Name of the Company from Kavita Fabrics Ltd to Nibe Limited of any other name as may be approved by ROC and subject to in-principle approval by BSE Ltd. 17.Approved the Change in registered office of the Company from the state of Gujarat to the State of Maharashtra. 18.Approved the Notice of EGM for the conduct of EGM to be held on March 13,2020 at 10.00 a.m. at 105, Balaji Industrial Society-I Udhna Magdalla Road,Surat-395007.

inter alia,for appointment of Whole time Company Secretary of the company.

inter alia, approved the following: 1. Appointed Mrs. Tejas Shah as an Additional Director (Independent) of the Company with effect from 20th February, 2020 and shall be re-designated as Non-Executive - Independent Director of the Company. The details required under Regulation 30 of SEBI (LODR) Regulations, 2015 read along with SEBI circular CIR/CFD/CMD/4/2015 dated September 09, 2015.