Independent Director & Chairperson Bharti Daga resigns

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SHIVAUM · price

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Price reactionminutes from the announcement price · days from the prior close

-2.9%Reaction day

₹339.80

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Nifty Microcap 250market · in no size index; the smallest one is used+1.2%-4.1% vs market

Trading & Distributors peers, median of 134sector+0.6%-3.5% vs sector

On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 3.5 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 134Pending

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AI summary

Mrs. Bharti Manoj Daga, Non-Executive Independent Director and Chairperson of Shiv Aum Steels, has resigned effective March 31, 2026, citing pre-occupation and personal commitments. The Board accepted her resignation on April 15, 2026. She will also step down from the Audit Committee and Nomination & Remuneration Committee. She confirmed there are no other material reasons for her exit beyond those stated in her resignation letter.

Likely market impact

Loss of Chairperson and an independent director; the company must fill these board positions to stay compliant with listing and governance norms.