Riddhi Steel and Tube Limited Overhauls Board Committees Amid Director Resignations

Riddhi Steel & Tube , a prominent player in the steel industry, has announced significant changes to its board structure and key committees. The company has restructured its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee following the resignation of two independent directors.

Board Resignations

Mr. Kirankumar Mushaddilal Agarwal (DIN: 08105221) and Mr. Saurin Shailesh Shah (DIN: 07438637) have stepped down from their positions as Non-Executive Independent Directors of the company, effective August 6, 2025. Both directors cited pre-occupation with other activities as the reason for their departure. The company's board has acknowledged their resignations and expressed appreciation for their contributions during their tenure.

Committee Restructuring

In light of these resignations, Riddhi Steel and Tube Limited has reconstituted its key committees as follows:

Audit Committee

• New Chairperson: Mr. Bhavinkumar Rajeshkumar Magnani
• Members: Mr. Vikas Vijay Meena and Mrs. Preeti Mittal

Nomination and Remuneration Committee

• New Chairperson: Mr. Bhavinkumar Rajeshkumar Magnani
• Members: Mr. Vikas Vijay Meena and Ms. Ishmeet Kaur Gurmeetsingh Kheda

Stakeholders Relationship Committee

• New Chairperson: Mr. Vikas Vijay Meena
• Members: Mrs. Preeti Mittal and Ms. Ishmeet Kaur Gurmeetsingh Kheda

These changes mark a significant shift from the previous committee compositions, which included Mr. Saurin Shah, Mrs. KiranKumar Aggrawal, and Mrs. Preeti Mittal across all three committees.

Implications and Compliance

The restructuring of these committees is in line with regulatory requirements and aims to ensure continued effective governance. Riddhi Steel and Tube Limited has promptly informed the Bombay Stock Exchange (BSE) of these changes, adhering to the disclosure norms under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's Managing Director, Mr. Rajeshkumar Ramkumar Mittal, confirmed that the board meeting to approve these changes was held on August 6, 2025, commencing at 4:00 PM and concluding at approximately 4:30 PM.

These organizational changes come as Riddhi Steel and Tube Limited continues to navigate the dynamic steel industry landscape. The new committee structures are expected to bring fresh perspectives and expertise to the company's governance framework.