Re-constitution of Board Committees Following Director's Cessation

Steel Strips Wheels has reconstituted eight Board committees after Sh. Virander Kumar Arya stepped down as Independent Director.

Wed 30 Sep 2026

Effective Date

01.10.2026

Director Cessation

Sh. Virander Kumar Arya stepped down as Independent Director

Committees Reconstituted

Eight Board committees: Audit, Nomination and Remuneration, Stakeholders Relationship, Corporate Social Responsibility, Employee…

What happened

Sh. Virander Kumar Arya (DIN: 00751005) has ceased to be an Independent Director of the company. In response, the Board has reconstituted eight committees of the Board.

Effective date

The changes become effective from 01.10.2026.

Affected committees

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders Relationship Committee
• Corporate Social Responsibility and Sustainability Committee
• Employee Compensation Committee
• Share Transfer Committee
• Finance Committee
• Allotment Committee

New committee compositions

The updated membership details have been shared with the stock exchanges. Key appointments include Sh. Ajit Singh Chatha as Chairman of multiple committees (Audit, Nomination and Remuneration, Stakeholders Relationship, and Corporate Social Responsibility), Sh. Shashi Bhushan Gupta as member across several committees, and Sh. Siddharth Bansal as member of Audit and Nomination and Remuneration committees. Sh. Manohar Lal Jain continues as a member in several committees as Non-Independent Executive Director.

Why this matters

Board committees handle critical governance functions including financial oversight, director appointments, executive compensation, and stakeholder engagement. When a director leaves, rebalancing committee membership ensures these functions continue effectively and meet regulatory requirements for independent director representation.

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