Ashoka Metcast Limited has successfully conducted its separate meeting of Independent Directors on March 23, 2026, and informed stock exchanges about the meeting outcomes. The company communicated the results to both BSE Limited and National Stock Exchange of India Limited on the same day, fulfilling its obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Execution and Timeline

The separate meeting of Independent Directors was held on Monday, March 23, 2026, from 12:30 PM to 12:40 PM at the company's registered office. This meeting was conducted pursuant to Regulation 25(3) of SEBI regulations, which mandates independent directors to conduct periodic separate meetings without the presence of non-independent directors and management.

Meeting Outcomes and Deliberations

The Independent Directors successfully reviewed and considered all three key areas of corporate governance during their separate meeting. The agenda items were comprehensively addressed within the 10-minute meeting duration.

The meeting outcomes included:

• Review of the performance of Non-Independent Directors and the Board of Directors as a whole
• Assessment of the performance of the chairperson of the Company
• Evaluation of the quality, quantity and timeliness of flow of information between the management and the Board of Directors

Regulatory Compliance and Communication

The company promptly communicated the meeting outcomes to stock exchanges on the same day. The intimation was signed by Ashok C. Shah, Managing Director (DIN: 02467830), and sent to both BSE Limited (Security Code: 540923) and National Stock Exchange of India Limited (Security Symbol: ASHOKAMET).

Corporate Governance Achievement

The successful completion of this separate meeting represents the fulfillment of a critical component of the company's corporate governance framework. Independent Directors have effectively discharged their oversight responsibilities by conducting objective evaluation of board effectiveness and management performance.

The assessment of information flow between management and the board ensures directors can effectively discharge their fiduciary duties. This independent evaluation strengthens board effectiveness and enhances shareholder confidence in Ashoka Metcast Limited's governance practices, demonstrating the company's commitment to maintaining robust regulatory compliance and governance standards.

Ashoka Metcast Limited has announced the regularization of Mr. Kunjan Nathabhaji Rathod's appointment as Non-Executive Independent Director following approval through postal ballot. The company informed stock exchanges about this directorate change under Regulation 30 of SEBI listing requirements.

Director Appointment Details

The members of the company approved the regularization through a special resolution passed via postal ballot using remote e-voting. The appointment details are structured as follows:

Professional Background

Mr. Rathod brings significant industry experience to the board. According to the company's disclosure, he has over five years of extensive experience in managing transport and logistics business. His professional profile highlights strong management and leadership skills with a proven ability to drive business growth and operational efficiency.

Regulatory Compliance

The company has affirmed compliance with regulatory requirements regarding the appointment. As per SEBI Circular No. LIST/COMP/14/2018-19 dated 20th June, 2018, Ashoka Metcast confirmed that Mr. Rathod has not been debarred from holding the office of Director by SEBI or other authorities.

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with detailed information provided as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.

Board Independence

The company disclosed that there are no relationships between the newly appointed director and existing board members, maintaining the independence criteria for the position. This appointment strengthens the company's board composition with additional expertise in logistics and transport management sectors.