Modern Steels Ltd

MD re-appointment

• Type of change: Re-appointment as Chairman & Managing Director.
• Effective from ensuing AGM; five-year term to 2031, subject to shareholder approval.
• Reason: Nomination and Remuneration Committee recommendation.
• Profile: Experienced steel executive; former CII Chandigarh Council Chairman (2003–2006).
• Relationships: None disclosed.

Independent Director: Dr. Surinder Kumar

• Type of change: Appointment of Additional Non-Executive Independent Director.
• Effective from 11 August 2026; term until AGM 2031.
• Reason: Recommendation of Nomination and Remuneration Committee.
• Profile: 62-year-old dairy technology expert with 35+ years in dairy development.
• Relationships: None disclosed.
• Board impact: Added as Additional Independent Director; regularization subject to AGM approval.

Independent Director: Prof. Anupama Sharma

• Type of change: Re-appointment as Non-Executive Independent Director for second term.
• Effective from ensuing AGM to 2031; five-year term, subject to shareholders' approval.
• Reason: Nomination and Remuneration Committee recommendation.
• Profile: Senior academic; former university leadership; extensive teaching and research record.
• Relationships: None disclosed.

Statutory Auditor: Sanjeev Sharma & Associates

• Type of change: Appointment of Statutory Auditor.
• Name: M/s. Sanjeev Sharma & Associates, Firm Reg No. 12326N.
• Term: One financial year from AGM 2026 to AGM 2027; subject to shareholder approval.
• Reason: Recommendation of Audit Committee.
• Profile: Established 1993; ICAI/C&AG/RBI registered; statutory and internal audits.

Relodgement status (July 2026)

• Relodgement of physical share transfer requests under SEBI circular HO/38/13/11(2)2026.
• July 2026: zero requests received, processed, approved, or rejected.
• Average processing time: not available.

Dematerialisation status

• Securities received for dematerialisation listed on stock exchanges within 15 days of receipt.
• Certificates dematerialised were mutilated and cancelled with depository name substituted as owner within 15 days.
• Certification covers the reporting quarter.

SEBI re-lodgement status

• June 2026: no re-lodgement requests received for physical share transfers.
• No requests processed, approved, or rejected in June 2026.
• Average processing time for June 2026 requests: 0 days.
• Report from MCS Share Transfer Agent Limited dated 06 July 2026 enclosed.