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Ahmedabad Steelcraft's Board of Directors held its 4th meeting on August 30, 2025 and made several key decisions. The 53rd Annual General Meeting has been scheduled for September 29, 2025 via video conferencing, with the register of members closed from September 23 to 29, 2025. A major leadership reshuffle was announced: Rohit Pandey stepped down as Managing Director and was redesignated as Chairman (Non-Executive), while his father Sunil Dutt Pandey was appointed as Managing Director (Executive, Promoter category) for a 3-year term. Mrs. Preeti Punia (Rohit's wife and Sunil Dutt Pandey's daughter-in-law) was also moved from Non-Executive to Executive Director. Two new Independent Directors — Atul Gupta (IIT Roorkee alumnus with 35+ years in defence engineering) and Raj Kumar (electrical engineer with infrastructure experience) — were added for 5-year terms. Independent Director Rajeev Singh resigned citing pre-occupation in other assignments. M/s. SJV & Associates was recommended as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30), subject to shareholder approval.
The leadership transition concentrates executive control within the promoter family (father, son, and daughter-in-law now hold key executive/board positions), which investors should monitor for governance implications. The AGM and director appointments remain subject to shareholder approval, giving shareholders a direct say at the September 29 meeting.