S.A.L. Steel Limited has informed the Exchange about General Updates
SALSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
S.A.L. Steel Limited announced the resignation of Shri Mitesh Vasantbhai Jariwala (DIN: 09396683) from the post of Independent Director, citing unavoidable personal reasons. The Board passed a circular resolution on May 18, 2026, to immediately reconstitute four key committees — Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee, and CSR Committee. In all four committees, Shri Hiren S. Mahadevia (Independent Director) has been appointed as Chairman, with Shri Bipinbhai A. Gosalia and Shri Rajesh Mangal as recurring members across most committees. Smt. Nipa Jairaj Shah joins the Stakeholders' Relationship Committee, and Shri Mahesh Kumar Agarwal (Managing Director) joins the CSR Committee.
The mid-term resignation of an Independent Director and simultaneous reconstitution of all four Board committees signals governance disruption. Investors should monitor for any further board changes or impact on oversight quality.