Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 – appointment of Independent Director
Date of Board Meeting / Approval: August 11, 2026
Board Meeting Timing: Commenced at 4:30 pm and concluded at 5:00 pm
Key Financial Highlights: Not Specified
Standalone Results: Not Specified
Consolidated Results: Not Specified
Segment-wise Performance: Not Specified
Corporate Actions: Not Specified
Regulatory Disclosures:
- The Board of Directors, based on the recommendation of the Nomination & Remuneration Committee, appointed Mr. Chetan Prabhudas Bavishi (DIN: 01978410) as an Additional Director.
- He is appointed under the category of Non-Executive Independent Director.
- The term of appointment is for 5 (five) years, effective from August 11, 2026, up to August 10, 2031.
- The appointment is subject to the approval of the shareholders of the Company at the next Annual General Meeting.
- He shall not be liable to retire by rotation.
- Mr. Bavishi is a Commerce graduate with over 40 years of experience in the Iron and Steel Industry.
- He was previously a Non-Executive Independent Director of the Company from January 06, 2003, till June 12, 2018.
- He is not related to any other Director on the Board of the Company.
- He has confirmed that he is not debarred from holding the office of a director by virtue of any order of SEBI or other such authority.
Other Significant Information:
- The intimation was signed by Mr. Anupam J Vyas, Company Secretary & Compliance Officer (Membership No.: A60464).
- Company addresses: 2 E/27/28/29, Commerce Centre, 78, Tardeo Road, Mumbai 400034, India; G 59/B, M.I.D.C. Dhatav, Fioha, Raigad, Maherashtra 402116, India; S8, M.I.D.C. Dhatav, Roha, Raigad, Maharashtra 402116, India; S Z/61 & Z/62,Dahej,SEZ,Vagra,Bharuch,Gujarat-392130, India.