Mipco Seamless Rings (Gujarat) Limited has strengthened its corporate governance framework by appointing Shir Sagar Pandey as an Additional Director (Non-Executive & Professional). The appointment is effective July 9, 2026, and he will hold office until the conclusion of the ensuing Annual General Meeting. This decision was taken by the Board of Directors during a meeting held on July 9, 2026, based on the recommendation of the Nomination and Remuneration Committee.

The company disclosed that Pandey is not related to any existing director on the Board. Furthermore, he is not debarred from holding the position of director by any order of the Securities and Exchange Board of India (SEBI) or any other authority. The appointment was made pursuant to the provisions of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the applicable provisions of the Companies Act, 2013.

Director Profile

Shir Sagar Pandey holds a Master's degree in Commerce (M.Com) from IGNOU (2024) and a Bachelor's degree in Commerce with Honours (B.Com Hons.) from Calcutta University (2015). He is currently pursuing LL.B. from Bengal Law College under Burdwan University. He has qualified the Independent Director Online Proficiency Self-Assessment Test prescribed under the Companies Act, 2013.

Pandey possesses over eight years of experience in corporate governance, statutory compliance, and administrative management. His expertise includes policy formulation and implementation, business strategy development, monitoring company performance, ensuring compliance with statutory and legal provisions, and overseeing board, committee, and shareholder proceedings.

Appointment Details

Mipco Seamless Rings (Gujarat) Limited, a company listed on the Bombay Stock Exchange (BSE), has announced significant developments following its board meeting held on August 13, 2025.

Financial Results Approval

The Board of Directors of Mipco Seamless Rings (Gujarat) Limited convened to review and approve the unaudited financial results for the quarter ended June 30, 2025. The financial statements were accompanied by a limited review report from the company's statutory auditors, PPKG & Co., Chartered Accountants.

New Independent Director Appointment

In a move to strengthen its corporate governance, the company's board has appointed Mr. Somnath Dasgupta as an Additional Director in the capacity of Non-Executive & Independent Director. The appointment is for a term of five years, effective from August 13, 2025, subject to shareholder approval at the upcoming General Meeting.

Profile of the New Director

Mr. Somnath Dasgupta brings a wealth of financial expertise to the board. He is a Commerce graduate from the University of Calcutta, class of 1978, and has been a qualified Cost and Management Accountant (CMA) since 1989. With over three decades of experience in the field, Mr. Dasgupta is currently practicing as a Cost and Management Accountant.

Regulatory Compliance

The company has affirmed that Mr. Dasgupta meets the criteria of independence as prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Furthermore, it has been confirmed that he is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

Board Meeting Details

The board meeting, which commenced at 3:50 PM and concluded at 4:20 PM on August 13, 2025, addressed these key agenda items. The company has duly informed the BSE of these developments in compliance with regulatory requirements.

Mipco Seamless Rings (Gujarat) Limited continues to uphold transparency in its operations and corporate governance practices, as evidenced by its prompt disclosure of these material events to the stock exchange and its shareholders.