Steelco Gujarat Limited has made a regulatory disclosure to BSE Limited regarding the appointment of a new director. The disclosure is made pursuant to Regulation 30, 51 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR').
Board Approval Details
The Board of Directors approved the appointment at its meeting held on Thursday, 13th August, 2026. The meeting commenced at 02:55 p.m. and concluded at 04:41 p.m. The appointment was made upon the recommendation of the Nomination and Remuneration Committee.
Effective Date and Term
The appointment is effective from 13th August, 2026. Mr. Saxena has been appointed for a term of two years as Non-Executive Independent Director.
Shareholder Approval Requirement
The appointment shall be subject to the approval of shareholders at the next General Meeting of the Company or within three months from the date of his appointment, whichever is earlier. He shall not be liable to retire by rotation.
Director Profile
Mr. Sudeep Saxena is a senior banking professional with over 37 years of experience in banking, housing finance, corporate banking, trade finance, risk management and regulatory compliance. He has held senior positions with Axis Bank and State Bank of Patiala, including Group Head – Corporate Banking at Axis Bank.
He is presently engaged as a Principal Consultant in Banking and Independent Director, advising banks and private equity funds on various banking verticals, business strategy, risk management and growth opportunities.
Educational Qualifications
Mr. Saxena holds a B.Sc. and LL.B. from Delhi University and is a Certified Independent Director under the Ministry of Corporate Affairs. He is also a CAIIB and has undertaken professional training in corporate credit management and appraisal.
Director Relationships
According to the disclosure, Mr. Saxena is "Not Related" to other directors, indicating no relationships between directors that require disclosure.