Shyam Century Ferrous Ltd - Announcement under Regulation 30 (LODR)-Change in Directorate

Pursuant to the Regulation 30 of SEBI (LODR) Regulations, 2015 as amended, we hereby inform you that in terms of recommendation of the NRC, the Board of Directors of the Company at their meeting held today i.e., 17th May, 2022 has appointed Mr. Sumanta Kumar Patra, CEO (KMP) (DIN : 09607152) of the Company as a Wholetime Director & CEO (KMP) with effect from 17.05.2022 till 16.05.2025 subject to the approval of the shareholders at the next General Meeting. At the said meeting the Board of Directors has approved conducting of Postal Ballot in accordance with Section 110 of the Companies Act, 2013, read with relevant rules and SEBI (LODR) Regulations, 2015 as amended, to seek approval of the shareholders for appointment of Mr. Sumanta Kumar Patra as Wholetime Director & Chief Executive Officer (CEO) w.e.f 17.05.2022 till 16.05.2025 and any other business as may be required.