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.

Ashiana Ispat Limited announced significant corporate developments following its Board of Directors meeting held on 14-02-2026. The board addressed crucial regulatory compliance matters and made key leadership appointments during the session that commenced at 3:00 P.M. and concluded at 6:30 P.M.

Financial Results Approval

The board considered and approved the company's unaudited financial results for the quarter and nine months ended 31 December 2025, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results have been prepared in accordance with applicable Indian Accounting Standards (Ind AS) notified under the Companies Act, 2013.

Director Appointment

The board approved the appointment of Ms. Sarita Jain as Additional Director (Non-executive, Non-Independent Director) with effect from 14-02-2026. The appointment was made pursuant to Section 161(1) of the Companies Act, 2013, with special permission from the Chairperson.

Director Profile and Qualifications

Ms. Sarita Jain brings substantial business expertise to the board, with more than three decades of entrepreneurial experience. She is highly educated and has extensive experience in business operations. The company confirmed that Ms. Jain is not debarred from holding the office of Director by virtue of any order of SEBI or any other statutory authority.

Regulatory Compliance

The announcements were made pursuant to Regulation 30 read with Schedule III, Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the financial results and related documents available on its website at www.ail@ashianaaispat.in for stakeholder access.

The board meeting outcomes demonstrate Ashiana Ispat Limited's commitment to regulatory compliance and corporate governance standards. The company, with CIN L27107RJ1992PLC006611, operates from its registered office and works at A-1116, RIICO Industrial Area, Phase-III, Bhiwadi-301019, District Alwar, Rajasthan.