SHIV AUM STEELS LIMITED has informed the Exchange about Resignation of Independent director.

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SHIVAUM · price

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₹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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AI summary

Shiv Aum Steels Limited has informed the stock exchange that Mrs. Bharti Manoj Daga (DIN: 07792791) has resigned as Non-Executive Independent Director and Chairperson of the company. She submitted her resignation letter on March 31, 2026, citing pre-occupation and personal commitments, and the board accepted it on April 15, 2026. With this resignation, she also steps down from the Audit Committee and the Nomination and Remuneration Committee. She holds no directorships in any other listed entities and has confirmed there are no other material reasons for her exit.

Likely market impact

This is a routine board-level change with no stated governance concerns or material reasons cited. For shareholders, it is a neutral event, though the company will need to appoint a new Independent Director and Chairperson to comply with SEBI listing requirements on board composition.