Mideast Integrated Steels Limited convened its board meeting on May 30, 2026, to deliberate on several key business matters. The primary agenda included the approval of the audited financial results for the fourth quarter and the financial year ended March 31, 2026. The board took note of the Statutory Audit Report and the CEO/CFO certification submitted in compliance with SEBI regulations.

Board and Committee Changes

The board approved significant changes to its leadership structure. Mrs. Rita Singh (aged 76 years) was appointed as an Additional Director and Executive Whole-Time Director, while Mrs. Natasha Singh (aged 55 years) was appointed as an Additional Director. Both appointments are subject to shareholder approval. Concurrently, the board accepted the resignation of Mrs. Shipra Singh Rana from the position of Whole-time Director. Consequently, the Audit Committee and Stakeholder Relationship Committee were reconstituted, with Mrs. Rita Singh replacing Ms. Shipra Singh Rana.

Investment and Operational Updates

In a strategic move, the board approved the disposal of the company's investment in Mesco Steel Limited. This involves the sale of 2,50,000 equity shares at a price of ₹48.22 per share, based on an independent valuation report dated December 15, 2025. On the operational front, the board noted the resolution of all pending Income Tax cases and the activation of debarred Demat accounts. Furthermore, the company settled long-pending ex-gratia payments to Plant NE staff amounting to ₹8,48,14,736 and filed a Supreme Court application for the expedited sale of 8,60,616.102 MT of iron ore stock.

Statutory Appointments

The board also addressed statutory compliance matters. Ms. Tripti Shakya & Co., Practicing Company Secretaries, were re-appointed as the Secretarial Auditor for the Financial Year 2026-27. Additionally, Prasanta Das & Co. was appointed as the Internal Auditor for the same period.