Ashoka Metcast Limited has accepted the resignation of Mrs. Deepti Ghanshyam Gavali as an Independent Director, effective August 07, 2026. The company notified the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the leadership change, citing personal reasons as the sole cause for her departure. This exit reduces the number of independent directors on the Board, a key governance metric monitored by regulators and investors.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Ashok Chinubhai Shah, Managing Director and DIN 02467830, signed the intimation to the exchanges. The company confirmed receipt of the resignation letter dated August 07, 2026.

Resignation Details

Mrs. Gavali, holding DIN 10272798, tendered her resignation with immediate effect. In her resignation letter addressed to the Board of Directors, she thanked the Board members for their support during her association with the company. She requested the company to complete all formalities, including filing required forms with the Ministry of Corporate Affairs.

Regulatory Compliance

Under Clause 7B of Para A of Part A of Schedule III of the Listing Regulations, Mrs. Gavali confirmed that there are no other material reasons for her resignation other than those mentioned in her letter. The company further intimated that she holds no directorships in other listed entities.

The Board must now ensure compliance with Section 149(4) of the Companies Act, 2013, which mandates that at least one-third of the total number of directors are independent directors. Ashoka Metcast Limited is required to appoint a new independent director within six months to maintain regulatory compliance.

Ashoka Metcast Limited has appointed Ankur Rastogi as its Company Secretary and Compliance Officer, effective July 29, 2026. The Board of Directors approved the appointment during a meeting held on Wednesday, July 29, 2026, from 5:30 p.m. to 6:10 p.m. at the company’s registered office in Ahmedabad. This leadership change strengthens the firm’s compliance framework under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment replaces no specific outgoing officer mentioned in the filing but marks a new addition to the Key Managerial Personnel (KMP) structure. Ashok C. Shah, Managing Director of Ashoka Metcast , signed the disclosure submitted to the Bombay Stock Exchange and the National Stock Exchange of India Limited. The company cited adherence to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as the regulatory basis for the disclosure.

Profile of Ankur Rastogi

Ankur Rastogi holds Membership Number A62976 with the Institute of Company Secretaries of India. He is a qualified Company Secretary, a law graduate, and a commerce professional. His profile highlights more than eight years of experience in handling Company Law, SEBI regulations, legal matters, and corporate compliances. The company noted his extensive background in corporate governance, secretarial functions, and regulatory compliance as key qualifications for the role.

Regulatory Disclosures

The filing confirms that there are no disclosed relationships between directors and the newly appointed Company Secretary. Rastogi holds nil shareholding in Ashoka Metcast Limited at the time of appointment. The company provided official contact details for compliance matters, listing the telephone number 079-2646 3226 and the email address compliance@ashokametcast.in .