Ashiana Ispat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/02/2026 ,inter alia, to consider and approve To take note of Special Notice ....
Awaiting price reaction for this filing.
Ashiana Ispat Ltd has called a Board Meeting on 24th February 2026 to address a Special Notice received from members under Sections 115 and 169 of the Companies Act, 2013, seeking removal of a Director. The Board will consider this requisition and approve convening an Extraordinary General Meeting (EGM) to seek shareholders' approval for removing Ms. Darshan from the Board. The agenda also includes approving the draft EGM notice and authorizing a Director/CFO/Company Secretary to handle the dispatch of notices, e-voting arrangements, and statutory filings. The company is fully following the prescribed legal process for director removal under company law.
This signals internal governance friction within the company, with shareholders actively pushing for the removal of a director. Such events can create short-term uncertainty around the stock, and investors should watch for the outcome of the EGM, as it may lead to changes in board composition and company strategy.