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:

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.

SRU Steels Ltd, a key player in the steel industry, has announced a crucial board meeting scheduled for March 10, 2023. The meeting agenda includes three significant proposals that could potentially benefit shareholders and strengthen the company's capital structure.

Key Proposals Under Consideration

1. Increase in Authorized Share Capital: The board will deliberate on expanding the company's authorized share capital. This move could pave the way for future growth initiatives and provide more flexibility in the company's capital structure.

2. Bonus Shares Issue: SRU Steels is set to consider issuing bonus shares to its shareholders. If approved, this would effectively increase the number of outstanding shares without diluting ownership, potentially rewarding long-term investors.

3. Interim Dividend for FY 2022-23: The board will also discuss the approval of an interim dividend payment for the financial year 2022-23, signaling potential returns for shareholders.

Important Dates for Shareholders

Shareholders whose names appear in the company's register on the record date will be eligible for the interim dividend, if approved. The company has committed to disbursing the dividend within 30 days of approval to eligible shareholders.

Trading Window Closure

In compliance with regulatory requirements, SRU Steels has implemented a trading window closure for designated persons. This closure is effective from February 24, 2023, and will extend until 48 hours after the board meeting's outcome is publicly disclosed. This measure ensures fair trading practices and prevents insider trading during this sensitive period.

The upcoming board meeting and its potential outcomes are likely to be of significant interest to SRU Steels' shareholders and market watchers alike. The proposed actions, particularly the potential bonus issue and interim dividend, could have positive implications for shareholder value. Investors and stakeholders are advised to keep a close watch on the company's announcements following the board meeting for detailed information on these corporate actions.