Rishabh Digha Steel & Allied Products Limited has announced the re-appointment of Mr. Jigar Rajendra Sheth as Independent Director for a second consecutive term. The board of directors approved this decision during their meeting held on April 20, 2026, demonstrating the company's commitment to maintaining experienced independent oversight.

Board Meeting Decisions

The board meeting, which commenced at 03:00 PM and concluded at 03:45 PM on April 20, 2026, addressed several key governance matters. The primary focus was the re-appointment of Mr. Jigar Rajendra Sheth (DIN: 09152187) as an Independent Director, following the recommendation of the Nomination and Remuneration Committee.

Postal Ballot Process

The board has initiated a comprehensive postal ballot process to obtain shareholder approval for the re-appointment. This process ensures transparent and inclusive decision-making by allowing all shareholders to participate in the voting process.

Key Appointments and Timeline

The company has made the following arrangements for the postal ballot:

• Scrutinizer Appointment: M/s Jaymin Modi & Co., Practising Company Secretary has been appointed as scrutinizer for the postal ballot process
• Voting Methods: Both postal ballot forms and remote e-voting options will be available to shareholders
• Calendar of Events: A detailed timeline for the postal ballot process has been approved

Director Profile

Mr. Jigar Rajendra Sheth brings valuable experience to the board in his role as Independent Director. His profile demonstrates the company's focus on maintaining qualified independent oversight.

Regulatory Compliance

The re-appointment follows all regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Jigar Rajendra Sheth is not debarred from holding the office of director by virtue of any order of SEBI or any other authority, ensuring full compliance with regulatory standards.

This re-appointment reflects the board's confidence in Mr. Sheth's contributions and the company's commitment to maintaining strong corporate governance practices through experienced independent directors.

Rishabh Digha Steel & Allied Products Limited has officially declared its non-applicability for the Annual Secretarial Compliance Report under SEBI Regulation 24A. The company communicated this exemption to BSE Limited through a formal declaration dated April 07, 2026.

Regulatory Background and Requirements

SEBI Regulation 24A mandates that every listed company and its material unlisted subsidiaries incorporated in India must undertake secretarial audit and annex a secretarial audit report with their annual report. This requirement became effective from the year ended March 31, 2019. The regulation requires listed entities to submit the Annual Secretarial Compliance Report to stock exchanges within 60 days of the financial year end.

Exemption Criteria and Company Status

The company qualifies for exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides relief to smaller listed entities from various compliance requirements.

Scope of Regulatory Relief

The exemption under Regulation 15(2) extends beyond just the secretarial compliance report. Companies meeting the specified criteria are relieved from compliance with multiple regulations including 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and specific clauses of regulation 46, along with Para C, D and E of Schedule V.

Company Details and Communication

The declaration was signed by Ashok M Mehta, Managing Director (DIN: 00163206), and digitally authenticated on April 07, 2026. The company is registered in Mumbai with CIN L15310MH1991PLC064563 and trades on BSE under scrip code 531539.

This declaration ensures compliance with SEBI's disclosure requirements while formally establishing the company's exemption status from the secretarial audit reporting obligations.