STEEL EXCHANGE INDIA LIMITED — Others, 18-12-2024: Change in Director(s)

Steel Exchange India Limited has announced a board meeting to address several key personnel changes. Mr. M Mallikarjuna Rao will resign as Interim Chief Financial Officer effective December 18, 2024, while remaining as GM Accounts. Mr. Brahmaiah Telaprolu, a Chartered Accountant, has been appointed as the new CFO and Key Managerial Personnel, also effective from December 18, 2024. Additionally, Mr. Subbarao Venkata Munnang has been approved as an Additional Independent Director, pending shareholder approval at an Extraordinary General Meeting.

These appointments signal a strategic realignment in the company’s leadership, potentially enhancing financial management and governance. The addition of seasoned professionals may instill investor confidence, reflecting a positive outlook for operational performance and strategic direction.