Resignation of Mr. Mayank Bhandari as Executive and Managing Director of Sru Steels Limited

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Resignation of Mr. Mayank Bhandari as Executive and Managing Director of Sru Steels Limited

Team Finance Saathi

03/Dec/2024

What's Covered in the Article:

Details of resignation of Mr. Mayank Bhandari as Executive and Managing Director
Reason for resignation as cited in his letter
SEBI Regulation 30 compliance information

SRU Steels Limited (CIN: L17300DL1995PLC107286) has officially informed the BSE regarding the resignation of Mr. Mayank Bhandari as the Executive and Managing Director of the company, effective from the close of business hours on December 3, 2024. This is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reason for Resignation

Mr. Bhandari resigned from his position due to preoccupation with other professional commitments. He has confirmed that there were no material reasons other than those cited in his resignation letter. The company has accepted his resignation and expressed gratitude for his contribution during his tenure.

Acknowledgment by the Board

The Board of Directors of SRU Steels has noted Mr. Bhandari’s resignation and placed on record its sincere appreciation for his valuable contributions. The Board acknowledged his role in the company’s progress and wished him success in his future endeavors.

SEBI Compliance

As per the SEBI regulations, SRU Steels has disclosed the relevant details under Regulation 30, including the resignation letter received from Mr. Bhandari. The Annexure A in the filing provides the necessary information about his resignation, including the effective date and reasons for his departure.

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Resignation of Mr. Mayank Bhandari as Executive and Managing Director of Sru Steels Limited

Reason for Resignation

Acknowledgment by the Board

SEBI Compliance

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