Intimation of Resignation of Managing Director under Regulation 30 (LODR) Regulations, 2015.
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SRU Steels Ltd has informed BSE that Mr. Meet Harshadbhai Govani has resigned as Executive Managing Director and Chief Financial Officer of the company, effective close of business on 19 April 2025. Mr. Ravi Maheshkumar Sinojiya has also resigned as Non-Executive Non-Independent Director on the same date. Both cited pre-occupation with other matters as the reason and confirmed there are no other material reasons for their exit. The Board has recorded its appreciation for their contributions, and the resignations leave the company without an MD and CFO currently.
The simultaneous exit of both the Managing Director and CFO raises leadership continuity concerns, and investors should watch for timely announcements of replacements. Until new KMPs are appointed, the stock may face short-term governance and operational uncertainty.