Sunflag Iron and Steel Company Limited announced that Board of Directors meeting held on February 9, 2024, announced that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors has considered and approved the revision in the original term of appointment of Mr. Surendra Kumar Gupta, Dy. Managing Director i.e. from July 30, 2023 to July 29, 2026 to the revised tenure from July 30, 2023 to February 29, 2024. Accordingly, he will cease to be the Director and Dy.

Managing Director of the Company on the closure of the business hours of 29th February, 2024.