Appointment of Mr. Mayank Bhandari as an Additional Non-Executive Independent Director of the Company for a period of 2 years w.e.f July 23, 2025, subject to approval of the shareholders.
BAJAJST · price
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Bajaj Steel Industries Ltd announced that its Board of Directors, at a meeting held on July 23, 2025, approved the appointment of Mr. Mayank Bhandari (aged 40, DIN: 01176865) as an Additional Non-Executive Independent Director for a term of 2 years (July 23, 2025 to July 22, 2027), subject to shareholder approval. Mr. Bhandari holds a Master's degree in Manufacturing Engineering from the University of Warwick, England, and has experience in administration, sales, marketing, and commercial functions. He currently serves as Executive Director of Star Circlips & Engineering Ltd. and as Promoter & Director at MMP Industries Limited. The Board also approved unaudited standalone and consolidated financial results for Q1FY26 (quarter ended June 30, 2025) in the same meeting. He is not debarred from holding a directorship by any SEBI order.
This is a routine board addition that brings in independent oversight and manufacturing/commercial expertise. It is unlikely to have a material impact on the stock price, though shareholders will need to approve the appointment at a general meeting.