Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015 we hereby inform you that Mr. Kirankumar Agarwal and Mr. Saurin Shah has tendered their resignation as Non-Executive Independent ....
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Riddhi Steel and Tube Ltd has informed the BSE that two of its Non-Executive Independent Directors, Mr. Kirankumar Mushaddilal Agarwal (DIN: 08105221) and Mr. Saurin Shailesh Shah (DIN: 07438637), have resigned from the Board with effect from 6th August 2025. Both directors cited pre-occupation in other activities as the reason for stepping down and confirmed there are no other material reasons behind their exit. Neither of them holds directorships in any other listed entity. The Board has recorded its appreciation for their contributions during their tenure. The announcement is signed by Managing Director Rajeshkumar Ramkumar Mittal.
The simultaneous exit of both independent directors weakens the composition of the audit and governance committees and may raise short-term governance concerns for shareholders until new independent directors are appointed.