Appointment / re-appointment of Directors of the Company.
SCANSTL · price
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Scan Steels' board, at a meeting on August 8, 2025, approved the appointment of three new directors: Mr. Jitendriya Mohanty as a Non-Executive Independent Director, and Ms. P. Monalisha and Mrs. Sushama Anuj Yadav as Non-Executive Independent Woman Directors, each for an initial 5-year term. All three are additional directors whose regular appointment is subject to shareholder approval at the 32nd Annual General Meeting. The board also approved the re-appointment of Mr. Ankur Madaan as Whole-time Director for a further 3-year period, from May 24, 2026 to May 23, 2029, again pending shareholder approval. None of the appointees have inter-se relationships with existing directors, and none are debarred from holding directorship by SEBI or any other authority.
This is a routine governance update strengthening the board with independent and woman director appointments, while retaining an existing whole-time executive. No negative governance signals or financial impact are indicated; shareholder approval at the upcoming AGM remains the key next step.