Sunflag Iron & Steel Company Ltd. has announced that the Board of Directors of the Company at its meeting held on August 12, 2015, has approved the Change in designation of Directors. Mr. Ravi Bhushan Bhardwaj, Vice Chairman & Managing Director of the Company ceased to be the Managing Director & Key Managerial Personnel (KMP) of the Company due to his age, health and other personal matters with immediate effect. However, he will continue as a Non executive Vice Chairman of the Company.

Mr. Pranav Bhardwaj, Joint Managing Director will be elevated and accordingly, shall be re-designated as the Managing Director of the Company with immediate effect. Mr. Surender Kumar Gupta, Whole-time Director designated as the Director & CEO will be elevated and accordingly, shall be re-designated as the Deputy Managing Director of the Company with immediate effect.