The Board of Directors at the Board Meeting held on 05th September, 2025 has approved the appointment of Mr. Rajeev Shantisarup Reniwal (DIN: 00034264) as the managing director of the company, ....
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The Board of Directors of Inducto Steel Ltd, at its meeting on September 5, 2025, approved the reappointment of Mr. Rajeev Shantisarup Reniwal (DIN: 00034264) as Managing Director of the company. The reappointment is for a further term of five years, effective from October 1, 2025 to September 30, 2030, and is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Reniwal has over 32 years of experience in business administration, finance, management, and sales, and has been associated with the company's operations and management. He is related to Sweety Reniwal (wife) and Nishant Reniwal (son), who are also directors/KMPs. He is not debarred from holding office under any SEBI or other authority order.
This is a routine continuity announcement — the existing Managing Director is being retained for another five-year term, which provides leadership stability. No immediate impact on shareholders or stock price is expected, pending AGM approval.