SRU Steels Limited has completed the dispatch of its postal ballot notice for e-voting on key director appointments. The company announced on December 29, 2025, that it has sent the notice to all eligible shareholders for seeking approval through electronic voting.

E-Voting Schedule and Process

The company has engaged Central Depository Services (India) Limited (CDSL) to provide the e-voting facility. The e-voting process follows a structured timeline:

Director Appointments for Approval

Shareholders will vote on four key appointments that were previously approved by the Board of Directors:

Executive Leadership

• Mr. Akhil Arora (DIN: 11329665) - Appointment as Executive Managing Director for a five-year term from November 13, 2025, to November 12, 2030, with annual remuneration of ₹6.00 lakh

Non-Executive Directors

• Mr. Anand Singh (DIN: 11329642) - Appointment as Non-Executive Non-Independent Director (appointed as Additional Director on October 29, 2025)
• Mrs. Meenu Jain (DIN: 07072779) - Appointment as Non-Executive Independent Director (appointed as Additional Director on October 13, 2025)
• Mr. Naveen Sharma (DIN: 10659785) - Appointment as Non-Executive Independent Director (appointed as Additional Director on October 13, 2025)

Board Committee Structure

Following the leadership changes announced in November 2025, the company has reconstituted its key board committees with Mr. Naveen Sharma as chairperson and Mr. Anand Singh and Mrs. Meenu Jain as members across all committees:

Financial Performance Context

The postal ballot comes after the company reported significant improvement in its financial performance for the half-year ended September 30, 2025, with net profit before tax of ₹91.18 crore compared to a loss of ₹169.45 crore in the previous year.

Shareholder Participation

The postal ballot notice has been dispatched electronically to shareholders whose email addresses are registered with the company or depository participants. Shareholders holding shares as of the cut-off date of December 26, 2025, are eligible to participate in the e-voting process. The scrutinizer will announce results within two working days after the e-voting period concludes.

SRU Steels Limited, a company listed on the Bombay Stock Exchange (BSE), has announced a change in its board composition. Mr. Manish Manojbhai Rathod, who served as a Non-Executive Non-Independent Director, has tendered his resignation from the company's board.

Resignation Details

The company disclosed the following key information regarding Mr. Rathod's departure:

Company's Response

SRU Steels Limited has taken the following actions in response to the resignation:

1. The Board of Directors has acknowledged Mr. Rathod's resignation.
2. The company has expressed appreciation for Mr. Rathod's contributions during his tenure as a Board Member.
3. SRU Steels has confirmed that there are no material reasons for the resignation beyond those mentioned in Mr. Rathod's resignation letter.

Regulatory Compliance

In adherence to regulatory requirements, SRU Steels Limited has:

1. Informed the BSE Limited about the resignation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2. Provided details as required by SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The company's disclosure of this board-level change demonstrates its compliance with regulatory standards.