In a development that shakes up Shiv Aum Steels Limited’s boardroom, the company disclosed that Bharti Manoj Daga, who has served as Chairperson and Non-Executive Independent Director, tendered her resignation by letter dated March 31, 2026. The company said her resignation, which has been accepted on April 15, 2026, is effective immediately. On account of the move, Ms. Daga will also cease to be a member of the Audit Committee and the Nomination and Remuneration Committee.
According to the accompanying notes, the reason cited is pre-occupation and other personal commitments. She has confirmed that there are no material reasons beyond those stated in the resignation letter. The resignation letter expressed gratitude for the opportunity to serve and for the support of the board and management.
The departure marks a governance shift for Shiv Aum Steels, given the importance of independent voices on the board and the chair’s role in steering board governance. The notice does not indicate an immediate replacement, underscoring the need for a seamless transition that preserves board balance and oversight while a successor is sought.
As the company moves to fill the vacancy, observers will watch how the board recalibrates its governance dynamics and whether a new independent director steps into the chair’s responsibilities or a separate chair is appointed. The episode nonetheless underscores the ongoing evolution of leadership at Shiv Aum Steels and the continuing emphasis on independent oversight.