As per annexed disclosure
Awaiting price reaction for this filing.
Mr. Sandeep Garg, holding about 3.77% of Ashiana Ispat's paid-up equity share capital, has served a special notice dated 13 February 2026 seeking to remove Ms. Darshan (DIN: 10968289) from the Board. The notice has been issued under Section 115 read with Section 169 of the Companies Act, 2013, and the shareholder intends to move the removal resolution at the company's forthcoming General Meeting. The company has disclosed this to the BSE under Regulation 30 of the SEBI Listing Regulations and stated it will follow the required procedure. The disclosure has been signed by the CFO, Shakti Sharma.
A board-level removal move by a minority shareholder can create short-term governance uncertainty and may weigh on investor sentiment until reasons are clarified at the General Meeting. Shareholders should watch for further disclosures explaining the grounds for removal and any board changes that follow.