The Board meeting commenced at 3:00 PM and concluded at 5:00 PM on May 30, 2026.

Key Changes Approved:

1. Appointment of Mrs. Rita Singh (DIN: 00082263)

  • Appointed as Additional Director designated as Executive Whole-Time Director
  • Effective from May 30, 2026
  • Subject to approval of shareholders
  • Also appointed as member of both the Audit Committee and Stakeholders Relationship Committee effective May 30, 2026
  • Profile: Pioneering industrialist with over four decades of experience in mining, international trade, steel, and manufacturing sectors. Served as Chairperson-cum-Managing Director of MISL and played key role in establishing integrated steel and mining operations in Odisha. Co-Founder of Mesco Group. Former Member of Government of India's Board of Trade.
  • Relationship: Mother/immediate relative of Mrs. Natasha Sinha
  • Not debarred from holding director office pursuant to any SEBI Order

2. Appointment of Mrs. Natasha Sinha (DIN: 00812380)

  • Appointed as Additional Director (Executive)
  • Effective from May 30, 2026
  • Subject to approval of shareholders
  • Profile: Experienced corporate executive with over 20 years of expertise in financial management, steel manufacturing, mining, and infrastructure sectors. Previously served as Joint Managing Director and Director — Finance of Mesco Steel Group. Extensive experience in corporate finance, commercial logistics, regulatory compliance, and strategic business planning.
  • Relationship: Immediate relative (daughter) of Mrs. Rita Singh
  • Not debarred from holding director office pursuant to any SEBI Order

3. Appointment of Mr. Asit Kumar Ray (DIN: 11385159)

  • Appointed as Additional Director (Executive)
  • Effective from May 30, 2026
  • Subject to approval of shareholders
  • Profile: Seasoned corporate affairs and government liaison professional with over 32 years of experience across mining, steel, aviation, and infrastructure sectors. Currently serving as Senior General Manager — Corporate Affairs at MISL, overseeing statutory compliances, government relations, mining clearances, and operational coordination.
  • Relationship: Not related to any Director on the Board
  • Not debarred from holding director office pursuant to any SEBI Order

4. Resignation of Mrs. Shipra Singh Rana (DIN: 00137209)

  • Resigned as Whole-Time Director
  • Effective from close of business hours on May 30, 2026
  • Reason: To dedicate time and attention required to fulfill other commitments effectively
  • Confirmation: No other material reasons for resignation beyond those provided

All appointments were made based on the recommendation of the Nomination and Remuneration Committee. The requisite disclosures containing profiles and details of inter-se relationships are provided in Annexure 'A'.