With reference to the captioned subject, please find enclosed the details of change in directorate pursuant to regulation 30 of SEBI (LODR) Regulation, 2015.
Awaiting price reaction for this filing.
At a board meeting on 3rd March 2026, Gopal Iron & Steels approved three appointments and accepted three resignations effective the same day. Mr. Ankitkumar Surendrakumar Agrawal (a Company Secretary with 8 years' experience) was appointed as Additional Non-Executive Independent Director, and Mrs. Ritaben Kiranbhai Barot was appointed as Additional Non-Executive Non-Independent Director, both subject to shareholder approval. Mr. Harshil Chandreshbhai Patni was appointed as the new Chief Financial Officer. On the exit side, Mrs. Kundanben Bhaveshbhai Patel stepped down as Managing Director, Mr. Mukesh Jani resigned as Non-Executive Independent Director, and Mr. Baldevbhai Patel resigned as CFO. All three resignations were attributed to personal commitments and preoccupation. The Managing Director post has been left vacant with no successor named in this filing.
Significant top-level turnover in a single day — both the MD and CFO exited on personal grounds, which may raise governance concerns even though new directors and a CFO have been inducted. Investors should watch for clarity on who will lead the company after the Managing Director's exit, as the position is currently unfilled.