SRU Steels' Non-Executive Director Manish Manojbhai Rathod Steps Down

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:

Aspect	Details
Director Name	Mr. Manish Manojbhai Rathod
DIN	11021716
Position	Non-Executive Non-Independent Director
Effective Date	October 28, 2025
Reason for Resignation	Pre-occupation with other matters

Company's Response

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

The Board of Directors has acknowledged Mr. Rathod's resignation.
The company has expressed appreciation for Mr. Rathod's contributions during his tenure as a Board Member.
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:

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.
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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.17%	+19.16%	+11.42%	+26.06%	-13.72%	-50.35%

SRU Steels Limited has announced significant changes to its board composition, appointing two new independent directors while bidding farewell to two others. The steel company's board of directors, in a meeting held on October 13, 2025, made several key decisions that reshape its leadership structure.

New Appointments

The company has appointed Mrs. Meenu Jain and Mr. Naveen Sharma as Additional Non-Executive Independent Directors, effective October 13, 2025. Both appointments are subject to shareholder approval.

Mrs. Meenu Jain (DIN: 07072779): Brings 12 years of experience in company law and listing compliances.
Mr. Naveen Sharma (DIN: 10659785): Possesses vast experience in the field of management.

Resignations

Simultaneously, the board accepted the resignations of two Non-Executive Independent Directors:

Mr. Himanshu Rajeshkumar Vyas (DIN: 10867339)
Ms. Kairavi Lalitbhai Vadodariya (DIN: 10849564)

Both directors cited pre-occupation with other matters as the reason for their departure. They have confirmed that there are no material reasons for their resignations other than those mentioned in their respective resignation letters.

Committee Reconstitution

Following these changes, SRU Steels has reconstituted its key committees. The new structure, effective October 13, 2025, is as follows:

Committee	Chairperson	Members
Audit Committee	Dharmik Atulbhai Rojasara	Meenu Jain, Naveen Sharma
Nomination and Remuneration Committee	Dharmik Atulbhai Rojasara	Meenu Jain, Naveen Sharma
Stakeholders Relationship Committee	Dharmik Atulbhai Rojasara	Meenu Jain, Naveen Sharma

Mr. Dharmik Atulbhai Rojasara, an Additional Non-Executive Independent Director, will serve as the chairperson for all three committees.

These board changes come as part of SRU Steels' ongoing efforts to strengthen its corporate governance structure. The company expects that the diverse experience of its new directors will contribute to its strategic direction and oversight.

The board meeting, which commenced at 04:00 PM and concluded at 05:00 PM, was held at the company's registered office in Delhi. SRU Steels Limited, with its registered office at 11/598/1, Chawla Market, Patpar Ganj Road, Jheel Khuranja, Delhi - 110031, continues to adapt its leadership to meet the evolving challenges in the steel industry.