Corporate Governance26 Jun 2026, 02:18 pm
Mahamaya Steel Reappoints Independent Director for 5-Year 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 reappointment, effective from June 28, 2026, to June 27, 2031, 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 related to any other director on the board. The company affirmed that she is not debarred from holding a directorship by any regulatory authority.
Key Highlights
- Independent Director Mrs. Vanitha Rangaiah reappointed for a second term.
- The reappointment is for a period of five years, from 2026 to 2031.
- Shareholder approval required via Special Resolution at the AGM.
- Director has over 20 years of experience in Accounts and Finance.
- Director is not related to any other board members.
Price Impact
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