Ashoka Metcast Limited has informed stock exchanges about a scheduled separate meeting of Independent Directors set for March 23, 2026. The announcement, made on March 18, 2026, fulfills the company's obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Compliance

The separate meeting of Independent Directors will be held on Monday, March 23, 2026, at the company's registered office. This meeting is being convened 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 Agenda

The Independent Directors will deliberate on three key areas of corporate governance during their separate meeting. The agenda encompasses comprehensive evaluation of board effectiveness and information management systems.

The meeting will address the following business items:

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

Corporate Governance Framework

This separate meeting represents a critical component of the company's corporate governance framework. Independent Directors play a vital role in ensuring objective oversight of company operations and management performance. The assessment of information flow between management and the board is particularly significant for ensuring directors can effectively discharge their fiduciary duties.

The meeting demonstrates Ashoka Metcast Limited's adherence to regulatory requirements and commitment to maintaining robust governance standards. Such independent evaluations help strengthen board effectiveness and enhance shareholder confidence in the company's governance practices.

Company Information

The intimation was signed by Ashok C. Shah, Managing Director (DIN: 02467830), and communicated to both BSE Limited and National Stock Exchange of India Limited. The company is headquartered in Ahmedabad, Gujarat, with its registered office located at 7th Floor, Ashoka Chambers, Opp. HCG Hospital, Mithakhali Six Roads, Mithakhali Ahmedabad.

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.