In reference to the subject mentioned, kindly take note that the Board of Directors of the Company has made changes in Composition of the Committees of the Board.
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Riddhi Steel and Tube Ltd has announced changes to the composition of three Board committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Mr. Saurin Shah and Mrs. KiranKumar Aggrawal have been removed from all three committees. New members Mr. Bhavinkumar Rajeshkumar Magnani, Mr. Vikas Vijay Meena, and Ms. Ishmeet Kaur Gurmeetsingh Kheda have been inducted. Mrs. Preeti Mittal continues on the Audit Committee and Stakeholders Relationship Committee. The changes were communicated under SEBI Listing Regulations.
This is a routine governance restructuring of committee roles and is unlikely to have a direct material impact on the stock price or business operations, though investors may want to track the backgrounds of the newly added members.