Sunflag Iron And Steel Company Limited has informed the Exchange regarding Cessation of Mrs Neelam Kothari as Non- Executive Independent Director of the company w.e.f. September 20, 2025.
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Sunflag Iron and Steel Company has informed the stock exchange that Mrs Neelam Kothari has ceased to be a Non-Executive Independent Director of the company with effect from September 20, 2025. No reason for the cessation has been disclosed in the filing. The company has not announced any replacement or appointment of a new independent director in this announcement. The composition of the board will change with one less independent director going forward.
This is a routine board-level change and is unlikely to have a material impact on the stock price. Investors may want to monitor whether a new independent director is appointed in a timely manner to maintain compliance with SEBI's board composition requirements.