Prakash Steelage Limited has informed the Exchange regarding Appointment of Mr. Ashok Seth as Executive Director of the company w.e.f. December 29, 2025.
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Prakash Steelage Limited announced that its shareholders at the 34th AGM on September 26, 2025 approved the reappointment of Mr. Ashok M. Seth (DIN: 00309706) as Whole-Time Director for 5 years, effective December 29, 2025 to December 28, 2030. Mr. Seth is an existing Promoter, Director and CFO of the company, and looks after finance, accounts and material procurement. In a separate decision, M/s. S.K. Jain & Co., Practicing Company Secretaries, has been appointed as the Secretarial Auditor for 5 years covering FY 2025 to FY 2030, with Dr. S.K. Jain bringing 59 years of professional experience. Both appointments were approved on the recommendation of the Nomination and Remuneration Committee. Mr. Seth is not debarred by SEBI and is not related to any other director on the board.
The reappointment of a promoter-cum-CFO as Whole-Time Director signals management continuity and stability for shareholders. The new secretarial auditor appointment strengthens compliance oversight for the next five years. No negative governance flags noted in this filing.