Ashiana Ispat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/01/2026 ,inter alia, to consider and approve Agenda items as enclosed herewith
Awaiting price reaction for this filing.
Ashiana Ispat Ltd's Board of Directors is scheduled to meet on 19 January 2026 at 3:00 p.m. to consider three key items: (1) appointment of Mr. Vicky Jain as Additional Director under the Non-Independent, Non-Executive category; (2) acceptance of the resignation of Mr. Puneet Jain from the post of Managing Director; and (3) elevation of Mr. Naresh Chand from Whole-Time Director to Managing Director. The intimation has been filed with BSE under SEBI's Listing Regulations. No reason for the MD's resignation has been disclosed in the filing.
Shareholders should note that the Managing Director is stepping down while a new director (sharing the 'Jain' surname) is being inducted, pointing to a likely promoter-level succession or internal restructuring. This could bring near-term uncertainty around leadership continuity and governance.