Shiv Aum Steels Limited has appointed Mr. Hemant Maheshwari as an Additional Non-Executive Independent Director, effective June 23, 2026, subject to the approval of the company's shareholders. The appointment was approved by the Board of Directors during a meeting held at the company's Registered Office. This strategic move aims to strengthen the board's governance framework with Maheshwari's expertise in corporate laws and regulatory compliance.

Mr. Hemant Maheshwari is a Fellow Member of The Institute of Company Secretaries of India (ICSI) and a Commerce Graduate from Maharaja Ganga Singh University. He is the Founder of H. Maheshwari & Associates, a Corporate Secretarial and Regulatory Advisory Firm. With over 14 years of professional experience, his areas of specialization include Corporate Laws, Corporate Governance, Securities Laws, Regulatory Compliance, and Capital Market Transactions.

The appointment was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The detailed disclosures regarding the appointment were furnished in accordance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has confirmed that Mr. Maheshwari is not related to any existing director on the Board.

Mr. Maheshwari's tenure will extend until the ensuing General Meeting or within three months from the date of his appointment, whichever is earlier. He will not be liable to retire by rotation. His other directorships include a position at Harrison Med-Pharma Private Limited.

Key Details of Appointment

Shiv Aum Steels Limited confirmed that its promoters and promoter group did not create any encumbrance on shares during the financial year 2025-26. The disclosure, submitted to NSE, assures stakeholders that the shareholding structure remains free of pledges or charges. This compliance filing is relevant to investors monitoring the promoter's financial commitment and the company's governance standards.

The declaration was made in accordance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sanjay Bansal, Promoter and Whole-time Director, signed the disclosure on behalf of all promoters and the Promoter and Investor Committee (PAC). The document was filed on April 08, 2026, and addressed to the Exchange Plaza in Mumbai.

The annexure to the disclosure lists the shareholding details of 11 individuals and entities within the promoter and promoter group. The data confirms that none of these shareholders have encumbered their holdings. The total shares held by these parties amount to over 1 crore, with Mobi Realtors Private Limited holding the largest stake among the group.

Promoter and Promoter Group Shareholdings

The Audit Committee of Shiv Aum Steels Limited was also marked as a recipient of the disclosure. The company operates under the NSE symbol SHIVAUM.