Intimation of Reconstitution of Audit Committee, Nomination Remuneration Committee, Stakeholders'' Relationship Committee and CSR Committee due to Resignation of Shri Mitesh V Jariwala ....
SALSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
S.A.L. Steel Ltd has informed exchanges that Independent Director Shri Mitesh V Jariwala (DIN: 09396683) has resigned from the Board citing unavoidable personal reasons. The Board passed a circular resolution on May 18, 2026 to reconstitute four key committees — Audit, Nomination & Remuneration, Stakeholders' Relationship, and CSR — with immediate effect. All four committees now report under the chairmanship of Shri Hiren S Mahadevia, an Independent Director, with Shri Bipinbhai A. Gosalia (Independent) and Shri Rajesh Mangal (Non-Independent) as common members across most committees. The Stakeholders' Relationship Committee also includes Smt. Nipa Jairaj Shah, while the CSR Committee includes Managing Director Shri Mahesh Kumar Agarwal.
The departure of an Independent Director and the resulting reconstitution of four Board committees is a governance-sensitive event, particularly for a smaller listed company, and may signal instability in the board's oversight structure to investors.