SRU Steels Limited has announced the resignation of its statutory auditor TCS & Co., Chartered Accountants, effective February 14, 2026. The company disclosed this development to BSE under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Resignation Details

TCS & Co., Chartered Accountants (Firm Registration No. 145920W), tendered their resignation as statutory auditor through a letter dated February 13, 2026. The resignation became effective from the close of business hours on February 14, 2026.

Reason for Resignation

The auditor cited specific operational challenges as the primary reason for resignation. TCS & Co. stated that the required financial information and records for the quarter ended December 2025 were not made available until 12:30 PM on February 13, 2026. This timing made it impossible for the auditing firm to carry out the necessary review and certify the quarterly financial results that were scheduled to be declared on February 14, 2026.

Regulatory Compliance

SRU Steels Limited received the resignation letter on February 14, 2026, and has provided all required disclosures as mandated under various SEBI regulations. The company has submitted details in accordance with:

• Regulation 30 of SEBI LODR regulations
• Schedule III of the Listing Regulations
• SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015
• SEBI Circular CIR/CFD/CMD1/114/2019 dated October 18, 2019
• SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023

Company Information

SRU Steels Limited, incorporated in 1995, operates from its registered office in Delhi. The company is listed on BSE with scrip code 540914 and trades under the symbol SRUSTEELS. Managing Director and CFO Akhil Arora signed the disclosure documents on behalf of the company.

The resignation of the statutory auditor represents a significant corporate governance development that requires immediate attention to ensure compliance with regulatory requirements and maintain investor confidence.

SRU Steels Limited has successfully concluded its postal ballot process, with shareholders approving four key director appointments that will reshape the company's board composition. The voting concluded on January 29, 2026, with all proposed resolutions receiving the required majority support from participating shareholders.

Postal Ballot Overview

The postal ballot process was conducted exclusively through remote e-voting, with the record date set as December 26, 2025. The company's 20725 shareholders were eligible to participate, with voting notices distributed electronically on December 29, 2025.

Approved Director Appointments

Shareholders approved four director appointments through a combination of ordinary and special resolutions. The appointments demonstrate strong shareholder confidence in the proposed board composition.

Voting Results Analysis

The voting results revealed varying levels of shareholder support across the four resolutions. The appointment of Akhil Arora as Managing Director and Meenu Jain as Independent Director received the strongest support, while the appointments of Anand Singh and Naveen Sharma faced relatively higher opposition.

Resolution 1 & 3 Results (Managing Director and Independent Director - Meenu Jain)

Resolution 2 & 4 Results (Non-Executive Directors)

Scrutinizer Certification

Vishakha Agrawal & Associates, the appointed scrutinizer, certified the validity of all voting results. The scrutinizer's report confirmed that all resolutions were passed with the requisite majority as mandated under the Companies Act, 2013. The voting process was conducted through Central Depository Services Limited (CDSL) as the authorized e-voting agency.

Board Strengthening Initiative

The successful approval of these appointments represents a significant step in SRU Steels' board strengthening initiative. Akhil Arora's appointment as Executive Managing Director for a five-year term from November 13, 2025, to November 12, 2030, provides leadership continuity. The addition of independent directors Meenu Jain and Naveen Sharma enhances board independence and governance standards.

The company's shareholders demonstrated confidence in the proposed board composition, with all resolutions receiving the necessary approval despite varying levels of support across different appointments.