Steelco Gujarat Limited has announced the reappointment of two Independent Directors for their second consecutive terms. The company informed BSE Limited about these key board appointments under regulatory compliance requirements on April 15, 2026.

Director Reappointments

The company has reappointed Mr. Ashok Kumar N. Shah and Mr. Satish Kumar Panchal as Independent Directors, both beginning their second terms effective April 15, 2026. These appointments follow the company's earlier intimations dated October 31, 2025 and November 3, 2025.

Regulatory Compliance

The appointments have been made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Director Independence Confirmation

Both reappointed directors meet the independence criteria established by regulatory authorities. The company has confirmed that neither Mr. Shah nor Mr. Panchal has any relationships with other directors on the board. Additionally, both directors are not debarred from holding directorial positions by virtue of any order passed by the Securities and Exchange Board of India or any other regulatory authority.

Company Leadership

The reappointment notification was signed by Anoop Kumar Saxena, Managing Director (DIN: 10311727), on behalf of Steelco Gujarat Limited. The company maintains its registered office and works at Plot No. 2, G.I.D.C. Estate, Palej, District Bharuch, Gujarat, with corporate office operations in Vadodara.

Steelco Gujarat Limited has announced a postal ballot notice for seeking shareholder approval on special and ordinary business matters through remote e-voting. The company issued the notice on April 9, 2026, to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The postal ballot seeks approval for three director appointments through ordinary and special resolutions. In accordance with applicable MCA and SEBI circulars, the notice is being sent only in electronic form to members whose email addresses are registered, with no hard copies being distributed.

E-Voting Schedule and Process

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to shareholders. The voting process follows a structured timeline with specific deadlines for participation.

Shareholders holding shares as on the cut-off date are eligible to cast their votes during the specified e-voting period. The postal ballot notice is available on the company's website and NSDL's platform for member access.

Proposed Director Appointments

The postal ballot covers three director appointments, each requiring different types of resolutions based on their roles and responsibilities.

Nominee Director Appointment

The first resolution seeks approval for appointing Mr. Shankar Bharadhwaj (DIN: 02340170) as Nominee Director representing Vistra ITCL (India) Limited, the Debenture Trustee. This ordinary resolution covers his appointment as a director not liable to retire by rotation, following his initial appointment by the Board on January 13, 2026.

Mr. Bharadhwaj brings 25+ years of financial sector experience with expertise in Corporate Finance, MIS, Internal Audit, and Statutory Compliances. As a Chartered Accountant and Law Graduate with Science background, he has worked both in India and overseas. His tenure will continue until the company's debenture obligations are fully settled to the satisfaction of the Debenture Trustee.

Independent Director Appointment

The second resolution proposes appointing Mr. Subir Kumar Chowdhury (DIN: 03633998) as Independent Director for three years effective February 14, 2026. This special resolution follows his initial appointment as Additional Director by the Board on February 14, 2026.

Mr. Chowdhury brings over 40 years of business leadership experience across Off-Highway, Consumer Durables, and Automotive sectors. As former MD and CEO of JCB India, he scaled revenues from Rs. 500 crore to Rs. 10,000 crore while expanding export footprint to 110 countries and establishing the world's largest JCB manufacturing facility. He is a member of the CII National Council with expertise in change management, strategic negotiations, and sustainable growth.

Executive Director Appointment

The third resolution seeks approval for appointing Mr. Deepak Sharma (DIN: 11484653) as Executive Director for two years effective February 14, 2026, following his initial appointment as Additional Director on the same date.

Mr. Sharma brings 35+ years of multifaceted experience spanning Oil & Gas, Telecom Infrastructure, and Defense sectors. His career includes managing 300+ CBM wells and extensive pipeline networks, with foundational experience in the Indian Navy managing complex electrical systems during critical assignments including the Kargil War. He holds a BE in Electrical Engineering and specializes in O&M, strategic planning, and regulatory compliance.

Company Financial Performance

The explanatory statement includes the company's financial performance for context regarding the executive director appointment:

Voting Instructions and Member Guidelines

The company has provided comprehensive e-voting instructions for different categories of shareholders, including those holding securities in demat mode with NSDL or CDSL, and those holding physical shares. Individual shareholders can vote through their demat accounts maintained with depositories, while institutional shareholders must submit relevant board resolutions and authority letters to the scrutinizer.

Members whose email addresses are not registered can follow specific procedures to register their details and obtain voting credentials. The company emphasizes that voting rights will be proportionate to shareholding as on the cut-off date of April 3, 2026.

The results of the postal ballot will be announced and displayed on the company's website, communicated to stock exchanges, and shared with depositories and registrar MUFG Intime India Private Limited upon completion of the scrutiny process.