Prabhu Steel Industries Limited has announced key changes in its leadership team, with the Board of Directors approving both a resignation and appointment in the Company Secretary position. The changes, effective March 09, 2026, were communicated to stock exchanges in compliance with regulatory requirements through formal intimation letters.

Leadership Transition Details

The company has implemented a seamless transition in its Company Secretary role, ensuring continuity in corporate governance and compliance functions.

Resignation of Mrs. Pragya Agarwal

Mrs. Pragya Agarwal has tendered her resignation from the position of Company Secretary and Compliance Officer, effective from the close of business hours on March 09, 2026. In her formal resignation letter submitted to the Board of Directors, she cited better growth opportunities as the primary reason for her departure. The company confirmed that there are no other material reasons for her resignation beyond those mentioned in her formal resignation letter.

Appointment of Ms. Bhumika Uday Singh Patel

The Board has simultaneously appointed Ms. Bhumika Uday Singh Patel as the new Company Secretary & Compliance Officer, effective March 09, 2026. Her appointment has been made pursuant to Section 203 of the Companies Act 2013 and Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Qualifications

Ms. Patel brings strong credentials to her new role:

Regulatory Compliance

The company has fulfilled all regulatory obligations by informing both BSE Limited (Scrip Code: 506042) and The Calcutta Stock Exchange Association Limited (Scrip Code: 026117) about these changes. The notification was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities. The formal intimation was signed by Managing Director Dinesh Agarwal and included detailed annexures with complete information about both the resignation and appointment.

The transition represents a strategic move to strengthen the company's corporate governance framework while maintaining compliance with all applicable regulations and disclosure requirements.

Prabhu steel industries Limited held a separate meeting of Independent Directors on March 06, 2026, fulfilling its corporate governance obligations under regulatory requirements. The company has notified both BSE Limited and The Calcutta Stock Exchange Association Limited about the meeting outcomes as per Regulation 30 compliance.

Meeting Details and Duration

The Independent Directors meeting was conducted on Friday, March 06, 2026, with specific timing parameters established for the proceedings.

Key Agenda Items Reviewed

The Independent Directors addressed three primary areas of evaluation during their separate meeting, focusing on comprehensive board performance assessment.

The meeting agenda encompassed:

• Review of performance of Non-Independent Directors and the Board as a whole
• Evaluation of the Chairperson's performance, incorporating views from both executive and non-executive directors
• Assessment of quality, quantity and timeliness of information flow between company management and the Board

Regulatory Compliance and Communication

Prabhu Steel Industries Limited has maintained transparency in its corporate governance practices by promptly informing relevant stock exchanges about the meeting outcomes. The company communicated with BSE Limited (Scrip Code: 506042) and The Calcutta Stock Exchange Association Limited (Scrip Code: 026117) regarding the Independent Directors meeting results.

Mr. Pramod Dnyaneshwar Kale, Independent Director with DIN: 08336145, signed the communication on behalf of the company, ensuring proper authorization and documentation of the meeting outcomes for regulatory records.