Mahamaya Steel Industries Recommends Re-appointment of Mrs. Vanitha Rangaiah as Non-Executive Independent Director
Mahamaya Steel Industries Limited announced that its Board of Directors recommended the re-appointment of Mrs. Vanitha Rangaiah, a Non-Executive Independent Director, for a second term. The recommendation followed the meeting held on June 26, 2026.The decision was made based on the advice of the Nomination and Remuneration Committee. Members of the company are required to approve this re-appointment through a Special Resolution at the ensuing Annual General Meeting (AGM).
Mrs. Vanitha Rangaiah has been recommended for a second term spanning five consecutive years, commencing from June 28, 2026, and concluding on June 27, 2031.
The company provided details regarding Mrs. Rangaiah's background and relationship status as part of the board decision. As disclosed in the materials related to the board meeting, Mrs. Vanitha Rangaiah is a Commerce Graduate from Bangalore University and holds CA Inter from the Institute of Chartered Accountants of India. She possesses over 20 years of experience in Accounts and Finance.
The details of the recommended re-appointment are summarized below:
| Particulars | Details |
|---|---|
| Director Name | Mrs. Vanitha Rangaiah (DIN: 09211334) |
| Reason for Recommendation | Re-appointment as a Non-Executive Independent Director |
| Term Duration | Second term of 5 years |
| Appointment/Reappointment Dates | From June 28, 2026, to June 27, 2031 (subject to Special Resolution at AGM) |
| Professional Profile | Commerce Graduate from Bangalore University and CA Inter from ICAI. Over 20 years of experience in Accounts and Finance. |
| Director Relationship Disclosure | Not related to any director |
MAHASTEEL Stock Price Movement
Mahamaya Steel Industries Limited shares slipped by 0.31% on Thursday, settling at ₹791.45 after shedding ₹2.50 from the previous close. The stock closed trading within its day range of ₹772.1 to ₹795 and saw a traded volume of 1,735 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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