Resignation of Independent Directors -Additional Details U/R 30 SEBI (LODR ) Regulations, 2015.
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Scan Steels Ltd informed BSE that three Independent Directors have resigned effective end of business on August 8, 2025. The three are Mr. Gagan Jalan (DIN: 09523622), Mr. Punit Kedia (DIN: 07501851), and Mrs. Konika Poddar (DIN: 10435224), who was the Independent Woman Director. All three cited personal reasons and professional commitments, and each confirmed there are no other material reasons for stepping down. The Board approved the resignations at its meeting held on August 8, 2025, and recorded appreciation for their contributions. The company has yet to announce any replacements.
Losing all three Independent Directors at once weakens board oversight and may raise governance concerns. Under SEBI rules, the company must appoint new independent directors within three months to maintain compliance, and failure to do so could attract regulatory action and negative investor attention.