Scan Steels Limited Appoints and Re-appoints Directors at Annual General Meeting
Scan Steels Limited approved significant changes to its board of directors at its 32nd Annual General Meeting. Mr. Ankur Madaan was re-appointed as Whole-time Director for three years. Three new Independent Directors were appointed for five-year terms: Mr. Jitendriya Mohanty, Ms. P. Monalisha, and Mrs. Sushama Anuj Yadav. The AGM also approved financial statements, appointed a Secretarial Auditor, and ratified Cost Auditors' remuneration.
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Scan Steels Limited , a prominent player in the steel sector, has made significant changes to its board of directors at its 32nd Annual General Meeting (AGM) held on September 26, 2025. The company, known for its industrial and business expertise in the steel industry, approved the appointment and re-appointment of four directors, strengthening its leadership team for the coming years.
Key Appointments and Re-appointments
Re-appointment of Whole-time Director
Mr. Ankur Madaan has been re-appointed as a Whole-time Director for a period of three years, effective from May 24, 2026, to May 23, 2029. Mr. Madaan, a Commerce Graduate with over 13 years of experience in the steel sector, brings valuable expertise in administration, production, and purchasing to his role.
New Independent Directors
The company has appointed three new Independent Directors, each for a term of five years from August 8, 2025, to August 7, 2030:
Mr. Jitendriya Mohanty: Appointed as an Independent Director (Non-Executive), Mr. Mohanty is a seasoned professional with over a decade of experience in corporate legal and financial sectors. He holds an MBA in Finance & HR, an LLM, and is a Fellow Member of ICSI and an Associate Member of ICAI-CMA.
Ms. P. Monalisha: Joining as an Independent Woman Director (Non-Executive), Ms. Monalisha is a finance professional with a Post Graduate Diploma in Management specializing in Finance. She brings over 35 years of experience in financial analysis, reporting, and strategic planning.
Mrs. Sushama Anuj Yadav: Also appointed as an Independent Woman Director (Non-Executive), Mrs. Yadav is a Commerce graduate and a member of The Institute of Company Secretaries of India. She has more than 10 years of experience in Legal Secretarial, Indirect Taxation, and FEMA matters.
Strengthening Corporate Governance
These appointments reflect Scan Steels Limited's commitment to enhancing its corporate governance structure. The diverse expertise of the new board members is expected to contribute significantly to the company's strategic direction and operational excellence.
Additional AGM Proceedings
The AGM, conducted through video conferencing, also saw the approval of other important resolutions, including:
- Adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025.
- Appointment of M/s. Amarendra Mohapatra & Associates as Secretarial Auditor for a five-year term.
- Ratification of remuneration for M/s. Ray, Nayak & Associates as Cost Auditors for the financial year ending March 31, 2026.
The company's proactive approach in board restructuring and compliance matters underscores its focus on maintaining robust corporate governance practices and driving long-term growth in the competitive steel industry.
Scan Steels Limited's strategic appointments are poised to bring fresh perspectives and specialized expertise to its leadership, potentially influencing the company's future direction and performance in the dynamic steel market.
Historical Stock Returns for Scan Steels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.72% | -1.19% | -12.23% | -6.49% | -33.95% | +87.78% |
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