KIOCL Limited has disclosed the appointment of three new Non-Official Independent Directors to its Board pursuant to Ministry of Steel, Government of India Order No. 1/1/2026-BLA dated July 14, 2026. The disclosure is made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Appointment Details
- Appointing Authority: Ministry of Steel, Government of India
- Order Date: July 14, 2026
- Term: Three years with effect from the date of notification of their appointment or until further orders, whichever is earlier
- Directors Appointed:
1. Shri. Rakesh Modi
2. Shri. Subhash Chandra Saraf
3. Shri. Avtar Singh
Director Profiles and Details
Shri. Rakesh Modi
- Experience: Extensive experience in public administration, civic governance, institutional management and social service
- Previous Roles: Vice President of Indian Red Cross Society, National Vice President of Akhil Indian Maheshwari Yuva Manch (2018-2021), Vice Chairman of Nagar Nigam (2013-2018)
- Relationship: Not related to any Director of the Company
- Contact: Ms Rex Bada Chowck, Giridih, Jharkhand-815301, Mob: 9431144325, Email: modirakesh685@gmail.com
Shri. Subhash Chandra Saraf
- Experience: Over 40 years in core areas including Audit, Direct & Indirect Taxes, Domestic and International Tax Planning, Capital Planning Advisory, Corporate Consultancy, Mergers & Amalgamations
- Special Expertise: Business process re-engineering, systems design and implementation, information security, Internal Audit, Management Audit, Investigation Audit
- Previous Board Positions: Independent Director of National Buildings Construction Corporation Limited (NBCC) from December 2011 to November 2014 and The State Trading Corporation of India Limited (STC) from March 2012 to February 2015
- Relationship: Not related to any Director of the Company
- Contact: 501, Ashoka House, 5th Floor, 3A Hare Street, Kolkata-700001, Mob: 9831087579, Email: subhash@sarafchandra.com
Shri. Avtar Singh
- Education: Bachelor of Science (B.Sc.) from University of Kashmir
- Experience: Over 18 years in pharmaceutical sector marketing and sales across Jammu & Kashmir, Punjab and Himachal Pradesh, including as Zonal Head (North Zone)
- Political Experience: Various elected positions in local self-government institutions including Sarpanch, Block Development Council (BDC) Chairman, and District Development Council (DDC) Member in Jammu & Kashmir
- Relationship: Not related to any Director of the Company
- Contact: Monghama, Tral, Jammu & Kashmir-192123, Mob: 7889941742, Email: handaavtar123@gmail.com
Compliance Confirmations
The company confirms that all three appointees are not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India (SEBI) or any other authority.
Annexures Included
- Annexure-I: Detailed profiles of the Independent Directors as required under Regulation 30
- Annexure-II: Copies of the appointment orders from Ministry of Steel
Government Order Details
The appointment orders were issued by Deputy Secretary Subhendu Hota from the Board Level Appointment Cell, Ministry of Steel, Government of India, located at GPOA-3, Netaji Nagar, New Delhi.