Ashiana Ispat Limited has scheduled a board meeting for March 09, 2026 to deliberate on a director removal matter. The company informed BSE Limited about this development through a regulatory filing dated February 28, 2026.

Meeting Details and Agenda

The board meeting is scheduled to be held on Monday, March 09, 2026 at 03:00 P.M. The primary agenda includes examining the reply submitted by Director Ms. Darshan in response to a specific notice issued under the Companies Act, 2013.

Legal Framework and Compliance

The notice to Ms. Darshan was issued under Section 169 read with Section 115 of the Companies Act, 2013, which pertains to the removal of directors. The company has followed proper regulatory procedures by informing the stock exchange pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The board will consider and deliberate upon:

• Examination of Ms. Darshan's reply to the removal notice
• Any other business with the permission of the chair

Regulatory Communication

The announcement was made through CFO Shakti Sharma's communication to BSE Limited, confirming compliance with listing regulations. The company has committed to inform the exchange about the outcome of the board meeting in accordance with applicable SEBI (LODR) Regulations, 2015 provisions.

Ashiana Ispat Limited operates from its registered office and works at A-1116, RIICO Industrial Area, Phase-III, Bhiwadi-301019, District Alwar, Rajasthan, with corporate office located in New Delhi.

Ashiana Ispat Limited has announced significant board changes following its meeting held on 24th February 2026, where directors approved multiple appointments and scheduled an Extraordinary General Meeting (EGM) for shareholder approval. The company had earlier received a special notice from shareholder Mr. Sandeep Garg proposing the removal of a director.

Board Meeting Outcomes

The Board of Directors meeting held on 24th February 2026 from 3:00 PM to 4:30 PM resulted in several key decisions regarding director appointments and corporate governance matters. The board unanimously approved recommendations for multiple director appointments based on the Nomination and Audit Committee's suggestions.

Director Removal Proposal

The board also addressed the special notice received under Section 115 read with Section 169 of the Companies Act, 2013, for the removal of Ms. Darshan from the office of Director. This notice was originally submitted by Mr. Sandeep Garg, a shareholder holding approximately 3.77% of the company's paid-up equity share capital with voting rights, dated 13th February 2026.

Extraordinary General Meeting Details

Ashiana Ispat Limited has scheduled an EGM to be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) on Wednesday, 25th March 2026 at 1:00 PM. The meeting will seek shareholders' approval for all the aforementioned director appointments and the proposed removal.

Related Party Transactions Approval

The board also approved related party transactions pursuant to Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI (LODR) Regulations, 2015. These include availing services from M/s. AL KAMDHENU GOLD PRIVATE LIMITED for digital media, print media, broadcast and outdoor advertising services, and manpower services from M/s. V-Square Services Pvt. Limited.

Regulatory Compliance

The company has appointed Mr. Chetan Gaur as Scrutinizer to ensure fair and transparent e-voting processes. The board has authorized directors, CFO, and Company Secretary to handle statutory compliances, dispatch EGM notices, and make necessary regulatory disclosures to BSE Limited under SEBI regulations. All proceedings will be conducted in accordance with the Companies Act, 2013 and applicable secretarial standards.