STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding Resignation of Mr Ram Mohan Nagoji as Non- Executive Nominee Director of the company w.e.f. January 02, 2026.
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Steel Exchange India Limited has informed the stock exchanges about the resignation of Mr. Nagoji Ram Mohan (DIN: 02895361) from the position of Non-Executive Nominee Director, effective from the close of business on January 2, 2026. The resignation was triggered by Vishwa Samudra Holdings Private Limited, the lender, withdrawing its nomination of him to the board. He ceases to be a Director of the Company from the effective date. The Company has acknowledged his contributions during his tenure and confirmed the disclosure under SEBI Listing Regulations. The announcement is a routine regulatory intimation following the lender's decision.
This is a lender-driven board change rather than a personal decision, which may hint at a shift in the lending relationship. Shareholders should watch for any further communication from Vishwa Samudra Holdings regarding its exposure or stance on the company.