Ashiana Ispat Limited has announced the appointment of Mr. Tarun Jain as Additional Non-Independent Director, effective January 15, 2026. The steel company communicated this corporate governance development to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The appointment was formalized on January 15, 2026, as confirmed by Managing Director Puneet Jain in the official communication to the stock exchange. The company provided comprehensive details as required under SEBI regulations and circular guidelines.

Professional Background

Mr. Tarun Jain brings significant entrepreneurial experience to Ashiana Ispat's board. He currently leads Legend Group's diverse business ventures spanning multiple sectors including real estate, entertainment, retail, and steel. His strategic business partnership and advisory role has contributed to the expansion of business operations on a pan-India basis.

The new director has established himself as a trusted name in the premium TMT bars and structural steel segment, aligning well with Ashiana Ispat's core business operations. His leadership philosophy centers on the belief that "true leadership builds belief," driving growth and innovation across various industries.

Educational Qualifications

Mr. Jain's academic credentials include:

• Bachelor of Commerce (Honours) from Delhi University
• Master of Business Administration (Finance) from IMT Ghaziabad

These qualifications provide him with strong financial and business management expertise relevant to his directorship role.

Regulatory Compliance

The appointment adheres to all regulatory requirements under SEBI guidelines. The company confirmed that Mr. Jain meets all eligibility criteria for directorship and has no regulatory restrictions. This appointment demonstrates Ashiana Ispat's commitment to strengthening its board composition with experienced industry professionals.

The steel company, headquartered in New Delhi with registered office and works at RIICO Industrial Area, Bhiwadi, Rajasthan, continues to focus on corporate governance excellence through strategic board appointments.

Ashiana Ispat Limited's Board of Directors concluded a significant meeting on January 15, 2026, approving multiple strategic decisions that mark important developments for the steel manufacturing company. The board session, which commenced at 3:00 PM and concluded at 4:15 PM, addressed key corporate governance matters and leadership transitions under Regulation 30 of SEBI (LODR) Regulations, 2015.

Share Purchase Agreement Approval

The board approved a Share Purchase Agreement (SPA) between the existing management/promoters and a strategic partner for the transfer of shares on an offline basis. This transaction remains subject to compliance with applicable provisions of the Companies Act, 2013, SEBI Regulations, and approvals from concerned authorities wherever required.

Leadership Appointments and Changes

The meeting witnessed significant changes in the company's leadership structure with new appointments across key positions.

New Director Profile

Mr. Tarun Jain brings substantial entrepreneurial experience as a visionary leader of the Legend Group's diverse ventures spanning real estate, entertainment, retail, and steel sectors. His appointment strengthens the board with his strategic business partnership experience and expertise in helping companies expand operations on a pan-India basis. Mr. Jain holds a B.Com (Hons) from Delhi University and an MBA (Finance) from IMT Ghaziabad. The board confirmed he is not related to any existing directors and is not debarred from holding directorship by SEBI or other authorities.

CFO Transition Details

Mr. Shakti Sharma assumes the CFO role with over 12 years of comprehensive finance leadership experience across accounting, taxation, compliance, audits, and strategic financial management. As a CA Finalist, he brings hands-on exposure across multi-industry group structures including Pharmaceuticals, Hospitality, Travel, E-commerce, Interior Decoration, Real Estate, and Government entities. His appointment follows the resignation of Mr. Ravindra Kumar Jain, whose resignation letter dated January 12, 2026, was accepted effective January 15, 2026.

Regulatory Compliance

All decisions were made pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed BSE Limited of these developments, with the stock trading under scrip code 513401. Ashiana Ispat Limited operates from its registered office and works at A-1116, RIICO Industrial Area, Phase-III, Bhiwadi-301019, Distt. Alwar (Rajasthan), with corporate offices in New Delhi.