Shiv Aum Steels Limited has informed the Exchange regarding Resignation of Mrs Bharti Manoj Daga as Chairman of the company w.e.f. March 31, 2026.

Director Flagged GovernanceManagement Changes View source PDF Explain this filing

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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AI summary

Mrs Bharti Manoj Daga has resigned as Chairperson and Non-Executive Independent Director of Shiv Aum Steels Limited with effect from March 31, 2026. The resignation was tendered citing personal pre-occupations and other commitments. The Board accepted her resignation on April 15, 2026. With this, she also ceases to be a member of the Audit Committee and Nomination and Remuneration Committee. She has confirmed that there are no material reasons behind her resignation other than personal reasons. No replacements have been announced yet.

Likely market impact

Her departure leaves a gap in board leadership as both Chairperson and Independent Director positions are now vacant. Shareholders should watch for timely appointment of a new Independent Director to maintain board compliance.