Steel Authority of India Limited has informed the Exchange regarding Cessation of Shri Manjeet Kumar Razdan as Non- Executive Independent Director of the company w.e.f. April 20, 2026.
SAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Steel Authority of India Limited (SAIL) has informed stock exchanges that three Non-Official Independent Directors have ceased to be members of the Board with effect from April 20, 2026. The directors are Dr. Gopal Singh Bhati (who was re-appointed), Dr. Anju Bajpai, and Shri Manjeet Kumar Razdan. All three were appointed for a one-year term starting April 20, 2025, and their tenure ended on completion. The disclosure has been made under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The communication is signed by M.B. Balakrishnan, ED (F&A) and Company Secretary.
This is a routine tenure completion event and not a sudden resignation. Shareholders should note that three of the company's independent directors are exiting simultaneously, which means new independent directors will likely be appointed to fill these vacancies, but there is no negative governance signal here.