Niraj Ispat Industries Limited has informed the Exchange regarding Cessation of as Independent Director of the company w.e.f. September 29, 2025.
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Mr. Rajeev Kumar Singhal (DIN: 00284223) has resigned as an Independent Director of Niraj Ispat Industries Limited, effective from the close of business hours on September 29, 2025. The reason cited is the completion of his tenure, and he has confirmed there are no other material reasons for the exit. He also stepped down as Member and Chairperson of three key board committees — the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. He does not hold directorship in any other listed entity. The disclosure to the exchange was filed on November 1, 2025, after the effective date of resignation.
This is a routine, tenure-driven exit with no governance red flags. However, the departure of the Audit Committee Chairperson may create a temporary leadership gap on a critical committee, and investors may watch for timely appointment of a replacement Independent Director.