Appointment of Mr. Asit Ray as Additional Executive Director of Mideast Integrated Steels Limited wef 09.12.2025
Awaiting price reaction for this filing.
Mideast Integrated Steels Limited (BSE Scrip Code: 540744) has appointed Mr. Asit Ray as an Additional Director in the capacity of Executive Director, effective December 9, 2025. The appointment was made via a circular resolution by the Board, based on the recommendation of the Nomination and Remuneration Committee. Mr. Ray is not debarred from holding a directorship by SEBI or any other authority. The appointment is subject to shareholder approval at the next general meeting, as required under SEBI Listing Regulations and the Companies Act, 2013.
This is a routine board-level addition that strengthens the management team. It should have limited immediate impact on the stock price, though investors may want to monitor Mr. Ray's contributions to the company's operations.