NewsStocksAshiana Ispat Limited Board Meeting Scheduled for January 19, 2026 to Consider Key Leadership ChangesAshiana Ispat Limited Board Meeting Scheduled for January 19, 2026 to Consider Key Leadership Changes
Ashiana Ispat Limited has scheduled a board meeting for January 19, 2026, at 3:00 PM IST to consider key leadership changes including appointment of Mr. Vicky Jain as Additional Director, acceptance of Mr. Puneet Jain's resignation as Managing Director, and elevation of Mr. Naresh Chand from Whole-Time Director to Managing Director. The meeting will be held at the company's New Delhi corporate office in compliance with SEBI Regulation 29.
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Ashiana Ispat Limited has announced a board meeting scheduled for January 19, 2026, to deliberate on significant leadership and governance changes. The company informed BSE Limited about the meeting in compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Meeting Details and Agenda
The board meeting is scheduled to be held on Monday, January 19, 2026, at 3:00 PM IST at the company's corporate office located at C-103, First Floor, Tower-C, Ansal Plaza, Khelgaon, HUDCO Place, New Delhi. The meeting has been convened to consider and approve several critical matters related to the company's board composition and leadership structure.
| Meeting Parameter: | Details |
|---|---|
| Date: | Monday, January 19, 2026 |
| Time: | 3:00 PM IST |
| Venue: | Corporate Office, New Delhi |
| Regulation: | SEBI Regulation 29 |
Key Agenda Items
The board will deliberate on four primary matters during the meeting. The first item involves the consideration and approval of Mr. Vicky Jain's appointment as an Additional Director under the Non-independent Non-Executive Director category. This appointment will expand the current board composition and bring additional expertise to the company's governance structure.
The second significant matter on the agenda is the acceptance of Mr. Puneet Jain's resignation from his position as Managing Director. This resignation represents a major change in the company's executive leadership and will require the board's formal acceptance to become effective.
Leadership Restructuring
A notable aspect of the meeting agenda is the proposed change in Mr. Naresh Chand's designation from Whole-Time Director to Managing Director. This elevation suggests a restructuring of executive responsibilities within the organization, with Mr. Naresh Chand potentially taking on enhanced leadership duties.
| Leadership Changes: | Current Position | Proposed Position |
|---|---|---|
| Mr. Vicky Jain: | - | Additional Director (Non-independent Non-Executive) |
| Mr. Puneet Jain: | Managing Director | Resignation |
| Mr. Naresh Chand: | Whole-Time Director | Managing Director |
Regulatory Compliance and Corporate Information
The company has fulfilled its regulatory obligations by informing the stock exchange about the board meeting pursuant to Regulation 29 of SEBI regulations. Ashiana Ispat Limited, with CIN L27107RJ1992PLC006611, operates from its registered office and works at A-1116, RIICO Industrial Area, Phase-III, Bhiwadi-301019, District Alwar, Rajasthan.
The meeting agenda also includes consideration of any other business matters with the permission of the chair, indicating the board's openness to address additional items that may arise during the proceedings. The company has requested BSE Limited to take note of this information for record-keeping purposes.
