Vardhman Special Steels Limited has informed the Exchange regarding Cessation of Mr Rajeev Gupta as Non- Executive Director of the company w.e.f. September 24, 2025.
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Vardhman Special Steels has informed exchanges that two directors stepped down at the end of its AGM held on September 24, 2025. Mr. Rajeev Gupta, a Non-Executive Non-Independent Director, did not seek re-appointment at the AGM despite being liable to retire by rotation, and accordingly ceased to be a director. Separately, Mr. Sanjoy Bhattacharyya, an Independent Director, completed his second term (the maximum allowed under the Companies Act) and ceased to be a director at the same AGM. The meeting lasted only about 28 minutes. No replacement appointments or reasons beyond the statutory ones were disclosed in this filing.
This is a routine board-level change with no negative governance flag. Investors should expect the company to fill the Independent Director vacancy within the regulatory timeframe (typically the next general meeting or within 3 months), while the non-executive director seat may remain vacant or be filled by the promoter group. No material impact on operations or share price is expected.