Outcome of Extra-ordinary General Meeting held on Wednesday, 25th March, 2026 at 01:00 pm convened via VC/OAVC.
Awaiting price reaction for this filing.
Ashiana Ispat Limited held an Extra-ordinary General Meeting on 25 March 2026 via video conferencing, attended by 77 members under the chairmanship of Mr. Kamal Wadhwani. Six resolutions were passed, including the appointment of Mr. Tarun Jain, Mr. Vicky Jain, and Mrs. Sarita Jain as Directors, the appointment of Mr. Naresh Chand as Managing Director, the removal of Director Mrs. Darshan, and the approval of Related Party Transactions (Special Resolution). During the meeting, Director Mr. Tarun Jain highlighted the company's improved performance since the strategic partnership and noted the establishment of AL KAMDHENUGOLD L.L.C-FZ in Dubai (January 2025) to drive GCC region expansion.
Significant board restructuring with a new Managing Director, fresh Director appointments, and one removal signals a major governance overhaul. The RPT approval and ongoing strategic partnership suggest alignment between promoters and the company, which could support future growth initiatives including the newly established Dubai subsidiary.