This is to bring to your kind notice that a meeting of the Board of Directors was held today i.e. 06th August, 2025 as required under Regulation 30 (Schedule III Part A(4) of SEBI (Listing ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Riddhi Steel and Tube Ltd's Board of Directors met on 6th August 2025 and accepted the resignations of two Non-Executive Independent Directors — Mr. Kirankumar Mushaddilal Agarwal (DIN: 08105221) and Mr. Saurin Shailesh Shah (DIN: 07438637), both effective the same day. Both cited pre-occupation in other activities as the reason and confirmed there are no other material reasons for their departure. The Board also approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee following these exits. The company has not yet announced any new independent director appointments in this filing. The meeting lasted only 30 minutes (4:00 PM to 4:30 PM).
Losing two independent directors at once can raise governance concerns for small-cap investors, as it may temporarily reduce board independence and trigger SEBI composition requirements. Shareholders should watch for timely appointment of new independent directors to fill the vacant seats.