Ashoka Metcast Limited announced that its Board of Directors has approved a significant amendment to the company's Memorandum of Association during a board meeting held on 30th January, 2026. The proposed alteration involves the insertion of a new business object that will expand the company's operational scope into commodities trading.

Board Meeting Details

The board meeting was conducted on 30th January, 2026, commencing at 01:00 PM and concluding at 01:30 PM. The directors considered and approved the alteration in the Memorandum of Association, which is now subject to approval from company members through postal ballot by e-voting.

New Business Object

The amendment involves inserting a new clause numbered III [A] (6) in the Main Object Clause of the Memorandum of Association. The details of the proposed new business object are as follows:

The new object clause will enable the company to carry on business activities including:

• Trading, buying, selling, importing, and exporting commodities
• Investing in, arbitraging, and hedging commodity positions
• Dealing in precious and base metals, bullion, and minerals
• Trading energy products and soft/hard commodities
• Engaging in spot, forward, futures, options, and other derivative contracts
• Operating on both recognized and unrecognized markets

Regulatory Compliance

The disclosure has been made in accordance with Regulation 30 and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has informed BSE Limited about this material event, with the security code 540923.

Approval Process

The proposed amendment is subject to approval from company members through postal ballot by e-voting. This process ensures that shareholders have the opportunity to vote on the significant change to the company's business objectives. The amendment will become effective only upon receiving the requisite member approval through this democratic process.

The communication was signed by Ashok C. Shah, Managing Director (DIN: 02467830), and includes the company's official seal, confirming the authenticity of the disclosure.

Ashoka Metcast Limited has announced the appointment of Mr. Kunjan Nathbhai Rathod as Additional Independent Director, effective December 13, 2025. The appointment was formalized during a board meeting held on the same date, demonstrating the company's commitment to strengthening its governance structure.

Director Appointment Details

The board meeting, which commenced at 2:00 PM and concluded at 12:35 PM on December 13, 2025, approved the appointment under Regulation 30 of SEBI (LODR) Regulations, 2015. The following table summarizes the key appointment details:

Professional Background and Experience

Mr. Kunjan Nathbhai Rathod brings valuable expertise to Ashoka Metcast Limited's board. His professional credentials include:

• Over five years of extensive experience in managing transport and logistics business
• Strong management and leadership capabilities
• Proven track record in driving business growth
• Expertise in enhancing operational efficiency
• Strategic insight valuable for supporting company business decisions

Regulatory Compliance

The company has confirmed full compliance with regulatory requirements for the appointment. As per SEBI Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, Ashoka Metcast Limited has affirmed that Mr. Rathod has not been debarred from holding the office of Director by SEBI or any other authorities.

The disclosure has been made pursuant to Regulation 30 read with Schedule III (Part A(7)) of SEBI (LODR) Regulations, 2015, and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has also disclosed that there are no relationships between the newly appointed director and existing directors.

Corporate Governance Enhancement

This appointment reflects Ashoka Metcast Limited's ongoing efforts to strengthen its board composition with experienced professionals. The addition of Mr. Rathod as an Independent Director is expected to contribute to the company's strategic decision-making processes, particularly given his background in transport and logistics management.

The appointment is subject to regularization by shareholders and will be effective for a five-year term from the date of appointment. This strategic addition to the board demonstrates the company's focus on bringing diverse expertise and independent oversight to its governance framework.