1. Appointment of Mr. Kamal Wadhwani (DIN: 10076368), Independent Director of the Company, as the Chairman of the Board of Directors of the Company; 2. Approved the Reconstitution of Audit ....
Awaiting price reaction for this filing.
Ashiana Ispat Ltd held a board meeting on 23 December 2025 and approved four key changes. Mr. Kamal Wadhwani, an existing Independent Director, was appointed as the new Chairman of the Board. The Audit Committee was reconstituted, and Ms. Swati Dhruv Aggarwal was appointed as the new Company Secretary and Compliance Officer. Additionally, Mr. Chetan Gaur was hired as a consultant specifically to work on revoking the trading suspension on the company's shares (Scrip Code: 513401). The meeting lasted about 90 minutes and was signed off by Managing Director Puneet Jain.
Shareholders should note that the stock is currently under trading suspension on BSE and the company has engaged a consultant to get it revoked, which is a positive step toward restoring trading activity. The appointment of an Independent Director as Chairman and a new Company Secretary signals active governance restructuring, though no financial results or business updates were shared in this filing.