Corporate Governance26 Jun 2026, 02:08 pm
Mahamaya Steel Reappoints Independent Director for 2nd Term
AI Summary
Mahamaya Steel Industries Ltd announced the reappointment of Mrs. Vanitha Rangaiah as a Non-Executive Independent Director for a second term of five years. The decision, based on the recommendation of the Nomination and Remuneration Committee, was approved by the Board of Directors on June 26, 2026. This reappointment is subject to shareholder approval via a Special Resolution at the upcoming Annual General Meeting. Mrs. Rangaiah, a Commerce Graduate with over 20 years of experience in Accounts and Finance, is not debarred from holding a director's office. Her second term will be effective from June 28, 2026, to June 27, 2031.
Key Highlights
- Independent Director Mrs. Vanitha Rangaiah reappointed for a second term.
- The reappointment is for five years, from June 2026 to June 2031.
- Board approved the reappointment based on committee recommendation.
- Shareholder approval required via Special Resolution at AGM.
- Director confirmed not debarred by any regulatory authority.
Price Impact
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