Steel Authority of India has announced a major leadership transition with the resignation of its Chairman and Managing Director Amarendu Prakash, effective April 1, 2026. The company has simultaneously appointed Krishna Kumar Singh as Acting Chairman for an interim period of three months.

Official Regulatory Filing

SAIL informed the stock exchanges through a regulatory filing under SEBI Regulation 30 regarding the change in board composition. The company confirmed that Amarendu Prakash tendered his resignation notice to the Ministry of Steel, Government of India on January 2, 2026, which has been approved by the competent authority on January 22, 2026.

Leadership Transition Details

The leadership change at Steel Authority of India involves a structured transition plan to ensure operational continuity. Krishna Kumar Singh, currently Director (Personnel) at SAIL, has been given additional charge of the Chairman and Managing Director position from April 2, 2026 to July 1, 2026, or until a regular incumbent is appointed, whichever is earlier.

Resignation Letter Details

In his resignation letter dated January 2, 2026, Amarendu Prakash expressed gratitude for his 34-year tenure with the organization. He requested early release with commensurate notice pay to be adjusted from separation dues and committed to ensuring a smooth transition. The resignation was initially requested to be effective January 15, 2026, but was approved for April 1, 2026.

Corporate Governance Compliance

The announcement reflects SAIL's adherence to regulatory requirements under SEBI Listing Regulations. The company has provided all necessary disclosures including the resignation letter and government approval order through proper regulatory channels. The filing confirms that the resigning CMD holds no directorships in other listed entities, ensuring compliance with corporate governance norms.

Steel Authority of India Limited (SAIL) has announced the appointment of Shri T.N.Natarajan as Director (Commercial), effective March 19, 2026. The appointment was made following nomination by the Government of India and approval by the Company's Board of Directors, as communicated to stock exchanges under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Appointment Details

The formal announcement confirms that Shri T.N.Natarajan has been appointed to the position following the Government of India's nomination through a Ministry of Steel order dated March 18, 2026. The Company has affirmed that Shri Natarajan is not debarred from holding the Office of Director by virtue of any SEBI order or any other authority.

Professional Background

Shri T.N.Natarajan joined SAIL in 1993 as Management Trainee (Technical) at Bhilai Steel Plant and possesses over 32 years of diversified experience. His career spans nearly a decade each in Production, Logistics, and Sales, with extensive exposure to manufacturing operations, warehouse management, marketing, and customer engagement across multiple locations.

Career Progression and Achievements

Shri Natarajan's career trajectory demonstrates consistent growth and significant contributions across various functions:

Early Career and Warehouse Management (2003-2014):

• Transferred to Central Marketing Organisation (CMO) at Bangalore Warehouse in 2003
• Served as Warehouse Manager in Chennai from 2009, achieving notable milestones including timely contract finalization, infrastructure development, improved TMT coil decoiling rates, and securing ISO 14001 Environmental Certification

Branch and Regional Leadership (2014-2022):

• Branch Manager in Trichy (2014-2018): Focused on market expansion and MSME cluster servicing, resulting in increased annual sales
• Key Account Manager in Chennai Branch (2018-2022): Engaged with key customers to build long-term strategic relationships

Regional Management Excellence

As Regional Manager of Western Region from 2022, Shri Natarajan demonstrated exceptional leadership through comprehensive team development initiatives:

These initiatives resulted in improved market share across Chhattisgarh, Madhya Pradesh, and Rajasthan, while driving segmental growth in Fabrication, Earthmoving Equipment, Pre-Engineered Buildings, and Oil & Gas sectors.

Strategic Marketing Innovations

Shri Natarajan has been instrumental in transforming SAIL's marketing approach from commodity-based selling to solution-oriented engagement. Key achievements include:

• Establishment of SAIL's first Ready-to-Use TMT Service Centre at Kalamboli
• Implementation of innovative customer-centric service models
• Active contribution to branding initiatives including outdoor advertising and trade exhibitions
• Expansion of marketing channels through Tier-1 & Tier-2 Distributor model
• Organization of dealer, architect, and structural designer meets

During his tenure in Central Marketing Organisation, SAIL achieved above-industry growth for extended periods, strengthened brand presence, expanded high-margin segments, and built high-performing teams. His leadership has contributed significantly to market share improvement, profitability enhancement, customer loyalty, and talent development, establishing him as a key contributor to SAIL's commercial growth and long-term value creation.