Vruddhi Engineering Works Limited , formerly known as Vruddhi Steel Limited, has made several key appointments and announcements following a board meeting held on September 6, 2025. The company, listed under the scrip code 544157 on the BSE, has taken significant steps to strengthen its corporate governance and financial management.

New Appointments

The Board of Directors has approved the following appointments:

Secretarial Auditor

M/s Krushang Shah & Associates, Practicing Company Secretaries, has been appointed for a five-year term from FY 2025-26 to FY 2029-30, subject to member approval. Mr. Krushang Shah brings over 9 years of experience in handling secretarial and legal matters for listed entities.

Internal Auditor

M/s Harsh P Chheda & Co., Chartered Accountants, has been appointed for FY 2025-26. Mr. Harsh Chheda, a member of ICAI since 2012, specializes in Income Tax, GST, and allied matters.

CFO and Whole-time Director

Mr. Vedant Mehta has been designated as the Chief Financial Officer (CFO) and whole-time Director of the company. Mr. Mehta holds a bachelor's degree in electronic engineering from the University of Mumbai and a post-graduate diploma in rural management from the Institute of Rural Management Anand. He brings over 3 years of experience in the steel industry to his new role.

Annual General Meeting and Directors' Report

The Board has set the date for the Annual General Meeting (AGM) for September 30, 2025. Additionally, they have approved the draft Directors' Report for the financial year ended March 31, 2025.

Board Meeting Details

The board meeting commenced at 6:00 PM and concluded at 7:00 PM on September 6, 2025. The decisions were disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These appointments and decisions reflect Vruddhi Engineering Works Limited's commitment to maintaining strong corporate governance practices and enhancing its financial management capabilities. The diverse experience of the newly appointed professionals is expected to contribute to the company's growth and compliance efforts in the coming years.

Vruddhi Engineering Works Limited announced that its Chief Financial Officer (CFO), Anushri Manoj Gurav, has tendered her resignation effective July 9, 2025. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on August 2, 2025, in compliance with SEBI regulations.

Resignation Details

Ms. Gurav, who also held the position of Head of Department – Accounts, cited "future and long-term career growth" as the reason for her departure. In her resignation letter dated June 20, 2025, she expressed gratitude for the opportunities, trust, and support extended to her during her tenure at Vruddhi Engineering Works.

Company's Retention Efforts

The company made significant efforts to retain Ms. Gurav's services, recognizing the critical nature of her role and ongoing business requirements. These efforts included:

• Engaging in active discussions to persuade her to stay
• Initially securing her agreement to continue serving the company
• Accommodating her request for medical leave

Despite these attempts, Ms. Gurav remained firm in her decision to step down from her position.

Transition Period

In her resignation letter, Ms. Gurav committed to ensuring a smooth and complete handover of her responsibilities before her departure. She requested the company to process and clear all pending dues, including her salary for June 2025, as part of her full and final settlement.

Corporate Governance

Vruddhi Engineering Works Limited, formerly known as Vruddhi Steel Limited, adhered to corporate governance norms by disclosing this material information to the stock exchange. The company's Whole-time Director, Varsha Mukesh Mehta (DIN: 09155275), signed the regulatory filing.

The delay in announcing the resignation was attributed to the company's ongoing efforts to retain Ms. Gurav and her initial agreement to continue, followed by a period of medical leave.

As Vruddhi Engineering Works navigates this transition in its financial leadership, investors and stakeholders will likely be watching closely for announcements regarding a successor to the CFO position.