Mideast Integrated Steels Limited has approved a proposal to change its corporate name, pending regulatory clearance and shareholder consent. The Board of Directors also sanctioned the convening of an Extraordinary General Meeting (EGM) to secure approval for this name change and a related party transaction concerning the disposal of investments. These decisions were finalized during a Board meeting held on May 30, 2026.

The proposal to alter the name from Mideast Integrated Steels Limited requires confirmation of name availability from the Ministry of Corporate Affairs (MCA) or Registrar of Companies (ROC). Following this, the change must be ratified by shareholders through a Special Resolution. The Board has also approved the consequent alterations to Clause I (Name Clause) of the Memorandum of Association (MoA) and Articles of Association (AoA).

In addition to the name change, the Board approved the convening of an EGM or Postal Ballot. This meeting is specifically intended to seek shareholder approval for the name change and the related party transaction regarding the disposal of the investment. The disclosures were made in compliance with Regulation 30 and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Approvals

Mideast Integrated Steels Limited appointed Mrs. Rita Singh and Mrs. Natasha Sinha as Additional Directors and Mr. Asit Kumar Ray as an Additional Director during its board meeting on May 30, 2026. The board also accepted the resignation of Mrs. Shipra Singh Rana from the position of Whole-time Director, effective the close of business hours on May 30, 2026. These changes are subject to shareholder approval where applicable and were disclosed to BSE Limited and The Calcutta Stock Exchange Ltd. under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Appointments

Mrs. Rita Singh was designated as an Executive Whole-Time Director. She is a pioneering industrialist with over four decades of experience in steel, mining, and international trade. She previously served as the Chairperson-cum-Managing Director of Mideast Integrated Steels Limited and is a Co-Founder of the Mesco Group. Mrs. Natasha Sinha was appointed as an Additional Director (Executive). She brings over 20 years of expertise in financial management, steel manufacturing, and mining, having served as Joint Managing Director and Director – Finance of the Mesco Steel Group. Mr. Asit Kumar Ray was appointed as an Additional Director (Executive). He is a seasoned corporate affairs professional with over 32 years of experience across mining, steel, and infrastructure sectors, currently serving as Senior General Manager – Corporate Affairs at the company.

Resignation and Committee Reconstitution

Mrs. Shipra Singh Rana resigned as Whole-time Director to dedicate time to other commitments, confirming there were no other material reasons for her departure. Following these changes, the board reconstituted the Audit Committee and the Stakeholders Relationship Committee, appointing Mrs. Rita Singh as a member of both committees effective May 30, 2026. The appointments were based on the recommendation of the Nomination and Remuneration Committee.