Zenith Steel Pipes & Industries Limited Announces Changes in Board Composition
Zenith Steel Pipes & Industries Limited has announced changes in its board of directors, reporting the cessation of an existing Independent Director and the appointment of a new Non-Executive Independent Director.Ms. Bhavika Sharma has ceased to be an Independent Director of Zenith Steel Pipes & Industries Limited, effective August 24, 2026, following the completion of her tenure. Ms. Sharma holds a directorship at Ok Play India Limited.
Concurrently, the company announced the appointment of Mrs. Aradhana Nayak (DIN: 08536989) as an Additional Director in the capacity of a Non-Executive Independent Director. The appointment is effective from August 24, 2026, and is subject to the approval of the shareholders. Mrs. Nayak is expected to hold the position for a term of five years, pending shareholder ratification.
Mrs. Nayak’s profile includes a postgraduate degree and a Diploma in Electronics and Telecommunication Engineering. She possesses experience in technical and analytical fields, specializing in electronics and telecommunication systems.
Key details regarding the changes in the company's board are summarized below:
| Director | Change | Effective Date | Details |
|---|---|---|---|
| Ms. Bhavika Sharma | Cessation as Independent Director | August 24, 2026 | Tenure completed. Holds directorship at Ok Play India Limited. |
| Mrs. Aradhana Nayak | Appointment as Additional Director | August 24, 2026 | Background includes technical expertise and a postgraduate degree. |
Mrs. Aradhana Nayak was confirmed as not being related to any Director or Key Managerial Personnel of the company, satisfying the criteria of independence as prescribed under the Companies Act, 2013.
ZENITHSTL Stock Price Movement
Zenith Steel Pipes & Industries Limited saw its stock gain 1.48% on Monday, closing out the trading session at ₹5.47 as the shares edged higher from their opening price. The equity traded within a daily range of ₹5.35 to ₹5.59 and recorded a total volume of 88,993 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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