SRU Steels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/04/2025 ,inter alia, to consider and approve 1. To appoint Mr. Vijay Sureshbhai ....
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Awaiting price reaction for this filing.
The Board of Directors of SRU Steels Ltd is scheduled to meet on 21st April 2025 to consider several major leadership changes. Mr. Meet Harshadbhai Govani will resign from his roles as Executive Managing Director and Chief Financial Officer. Mr. Vijay Sureshbhai Makvana (DIN 11021700) is proposed to be appointed as the new Managing Director and CFO, subject to shareholder approval via postal ballot. Additionally, Mr. Ravi Maheshkumar Sinojiya will resign as Non-Executive Non-Independent Director, and the Stakeholders Relationship Committee will be reconstituted. The postal ballot will also seek approval for appointing Mr. Manish Manojbhai Rathod as Non-Executive Independent Director and TCS & Co. as the new Statutory Auditor, along with approvals for related-party transactions and loans/investments under Sections 185 and 186 of the Companies Act.
This filing signals a significant top-level management overhaul with both the MD and CFO positions changing hands simultaneously, which could create short-term uncertainty around leadership continuity. Shareholders should watch the postal ballot outcome closely as it will determine the company's future direction, and the auditor change combined with related-party transaction approvals warrant due diligence.