This is in reference to our earlier intimation dated 18th February 2026 submitted under Reg 29 of SEBI (LODR), 2015 whereby we had informed about the meeting of Board of Directors of the ....
Awaiting price reaction for this filing.
Ashiana Ispat has added new items to the agenda of its Board meeting already scheduled for 24 February 2026. The Board will now also consider recommending shareholder approval for Related Party Transactions. It will further consider the appointment of three additional directors — Mr. Tarun Jain, Mr. Vicky Jain, and Mrs. Sarita Jain — who were brought on as Additional Directors between 14 January and 14 February 2026. Additionally, the Board will formalize the appointment of Mr. Naresh Chand as Managing Director, a role he was given by the Board on 19 January 2026. An Extraordinary General Meeting (EGM) is proposed for March 2026 to seek shareholder approval for all these items.
Shareholders will get to vote on a Related Party Transaction and four key director/Managing Director appointments at a March 2026 EGM. The clustering of board changes and related-party deals in one EGM is a governance event investors should monitor closely.