The Board of Directors in its meeting held today i.e., May 9, 2025, based on the recommendation of Nomination and Remuneration Committee has effected the following changes in the composition of Board of Directors of the Rathi Steel and Power Limited ('the Company'):\r\n(a) Appointment of Mr. Mahesh Pareek (DIN: 00174146) as the Additional Director designated as Managing Director of the Company, not liable to retire by rotation and Key Managerial Personnel of the Company for a term of 5 years with effect from May 9, 2025 subject to approval of the shareholders.\r\n(b) Redesignation of Ms. Surbhi Pareek (DIN: 10231959) as Non-Executive cum Non Independent Director with effect from May 9, 2025, subject to approval of the shareholders on account of change in independence status.