Steelco Gujarat Limited announced that at the board meeting held on April 15, 2024, the company approved the appointment of Mr. Ashok Kumar Nartwarlal Shah and Mr. Satish Kumar Panchal as Independent Directors. Appointment of Mr. Anoop Kumar Saxena as Managing Director and Mr. Anshoo Raj Khare as a Whole time Director. Mr. Ashok kumar Natwarlal Shah is not related to any Director and is not debarred from holding the office of director by virtue of any order passed by the Securities and Exchange Board of India ("SEBI") or any other authority.

Mr. Ashok kumar Natwarlal Shah, aged about 70 years, completed his Graduation in Bachelor of Commerce and thereafter completed his Post Graduation Diploma in Tax Practice. Mr. Ashok kumar Natwarlal Shah has Rich Corporate experience of about 42 years mainly in the areas of Finance, Accounts, taxation, legal and commercial. Presently, Independent Director in Polymechplast Machines Limited, Vadodara ­ Since 29.09.2014 till date.

Chairman of Audit committee mainly reviewing Internal and Statutory Audit compliances, observations, guidance in relevant areas. Presently, Finance Controller in Hi-Mak Pvt Ltd. Since 2009 till date Heading Finance, Accounts, HR, legal and other departments of the company. Was Executive Director ­ SS Automation Pvt Ltd. Bangalore ­ Since 2014 to 2018.

Looking after observation, guidance, system development in Finance, Accounts and HR department. Executive Director at Hemant Plastics and Chemicals Limited ­ Vadodara since 2015 to 2017 and 2018 till date, looking after overall finance, accounts and all other legal matter Which is unoperational since last three years. Was Senior Finance Manager with Enlightenment 99 Software Pvt Ltd. ­ Canada based International Recruitment Company from 2008 to 2011 looking after all Financial, Accounts and legal matter including international law and other matter.

Was Senior Finance and Account Manager at Polymechplast Machines Ltd.­from Nov. 1986 to May 2008. Looking after all aspects for growing the company from Partnership to Public Limited Company.

Was Accounts Manager with Hagochi Chemicals Pvt Ltd. from June 1982 to Oct. 1987. Mr. Satish Kumar Panchal is not related to any Director and is not debarred from holding the office of director by virtue of any order passed by the Securities and Exchange Board of India ("SEBI") or any other authority.

Mr. Anoop kumar Saxena aged about 57 years is B.Tech Mechanical and performance driven Techno commercial Professional with over 3 decades of rich & extensive experience in impacting organizational profitability through effective strategic & tactical management decisions, business growth & strategy, new plant set up & peoples management. He has led productive cross-functional teams using interactive and motivational leadership that spurs people to willingly give excellent results. He has expertise in plant operations with key focus on top line & bottom-line profitability by monitoring optimal utilization of resources; while monitoring the overall functioning of production processes, identifying improvement areas and implementing adequate measures to maximize customer satisfaction level and has strategized the long-term & short-term business directions to ensure maximum profitability in line with organizational objectives.

He is a strategist & implementer with recognized proficiency in spearheading business to accomplish corporate plans and goals successfully. Mr. Anshoo Raj Khare aged about 55 years is B.Tech in Mechanical Engineering passed out from Pune University -India in 1992. He is self made Technocrate with over 30 years of Industrial Experience in serving Indian as well as foreign Companies - mainly Steel Rolling Mills.

He is exceptional leadership skills to effectively lead managers. Strong understanding of industry standards, business operations and regulatory requirements as well as Planning and organization skills to facilitate goal-setting. He has innovative mindset to create new, effective solutions, analytical skills to interpret data & Mathematical and financial skills for budgeting responsibilities.

He has worked in Big & Reputed Steel Mills like Bhushan Steel & Strips Ltd, Aarti Strips P Ltd, Maisha Mabati Mills Ltd. etc. He is well conversant with SAP, ERP, OS etc. Business software.