Steel Authority of India Limited has informed the Exchange regarding Appointment of Shri Ashish Chatterjee as Nominee Director of the company w.e.f. Jun 11, 2025.
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The Ministry of Steel has appointed Shri Ashish Chatterjee, an IAS officer of the 1999 batch (Tamil Nadu cadre), as Government Director on the board of SAIL with effect from June 11, 2025. He currently serves as Additional Secretary and Financial Advisor in the Ministry of Steel. Shri Chatterjee is an IIT Chemical Engineering graduate with over 25 years of administrative experience across state and central government, including prior board roles at GAIL, IOCL, and EIL. The appointment is effective till further orders, and the company confirmed he is not debarred from holding directorship by any regulatory authority. SAIL is a government-owned public sector undertaking, so government nominee director appointments are routine changes in board composition driven by the administrative ministry.
This is a routine government-nominee director change with no material impact on shareholders or stock price. The appointee represents the promoter (Government of India) on the board and will not alter SAIL's operations, strategy, or financials.