NMDC Steel has accepted the resignation of Aniket Kulshreshtha as Company Secretary and Compliance Officer, effective July 30, 2026. The Board of Directors approved the departure after Kulshreshtha tendered his resignation consequent upon his appointment as Company Secretary at NMDC Limited. In a simultaneous move, the Board appointed Paraj Kanti Saha as the new Company Secretary and Compliance Officer, effective immediately.

The changes were disclosed in a letter dated July 30, 2026, addressed to BSE Limited, National Stock Exchange of India Limited, and Calcutta Stock Exchange Limited. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

Aniket Kulshreshtha, who held ICSI membership number FCS 7795, had been serving as the Company Secretary and Compliance Officer since August 11, 2023. His resignation letter, dated July 30, 2026, cited his new role at NMDC Limited as the reason for leaving. He requested the Board to relieve him from his duties with immediate effect.

Paraj Kanti Saha, an Associate Member of The Institute of Company Secretaries of India (Membership No. A-75686), succeeds him. Saha also holds Fellow membership of The Institute of Chartered Accountants of India and The Institute of Cost Accountants of India. He has been working in the Finance Department at NMDC Limited since 2015, handling assignments in Costing, Accounting, Concurrence, Treasury, and Taxation Matters. Prior to joining NMDC, he worked with IREL (India) Limited, formerly known as Indian Rare Earths Ltd.

Key Personnel Changes

The Board meeting where these approvals were recorded was held on July 30, 2026. Krishna Kumar Thakur, Director (Personnel), signed the disclosure on behalf of NMDC Steel Limited. The company confirmed that no relationships exist between directors regarding this appointment, as per regulatory requirements.

NMDC Steel Limited has appointed Shri Vivek Nishant Nath as Director (Commercial) on its Board for a tenure of five years, effective from July 15, 2026. The appointment strengthens the company's commercial leadership as it continues operations under the Ministry of Steel. Shri Nath brings over three decades of experience in the mining and metals industry, specializing in sales, marketing, and supply chain management.

The Ministry of Steel, Government of India, issued Order No. S-14013/2/2025-BLA on July 14, 2026, communicating the appointment. This decision operates on a co-terminus basis with NMDC Limited, following an earlier order dated March 20, 2023, which stipulated that the CMD, Functional Directors, and Government Directors of NMDC Limited would hold respective positions at NMDC Steel Limited.

Shri Vivek Nishant Nath is a seasoned professional who began his career with NMDC in 1992 and served for nearly fifteen years. Before this appointment, he served as Chief General Manager (Sales & Marketing) at Odisha Mining Corporation Limited (OMC), where he led sales for iron ore, chrome ore, and other minerals. Under his leadership at OMC, iron ore sales increased from 12.33 million tonnes in FY 2020-21 to 38.26 million tonnes in FY 2025-26.

An alumnus of the Indian Institute of Technology (Indian School of Mines), Dhanbad, Shri Nath holds an MBA in International Business from Symbiosis Centre for Management Studies, Pune. He has also completed a Management Development Programme from the Indian Institute of Management (IIM), Indore. He is recognized for authoring research papers and speaking at industry forums.

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. Aniket Kulshreshtha, Company Secretary, confirmed the development in the filing submitted on July 19, 2026.