Steel Authority of India Limited has informed the Exchange regarding Cessation of Shri Vejendla Srinivasa Chakravarthy as Executive Director of the company w.e.f. Jun 30, 2025.
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Shri Vejendla Srinivasa Chakravarthy, Director (Commercial) of Steel Authority of India Limited (SAIL), has stepped down from the SAIL Board effective June 30, 2025. His departure is on account of superannuation, meaning it is a planned retirement at the end of his service tenure. The company has formally informed both the BSE and NSE of this change in board composition. No replacement or new appointment has been mentioned in this filing.
This is a routine leadership change due to retirement and is not expected to materially affect shareholders. Investors may watch for a successor announcement to fill the Director (Commercial) position in due course.