ScoutQuest30 Sep 2026
Vardhman Special Steels534392CEO role change

Koichiro Hayashida resigns as Non-Executive Non-Independent Director, appointed President (Forging Division)

Mr. Koichiro Hayashida has resigned as Non-Executive Non-Independent Director w.e.f. 1st October, 2026.

Resignation Date
1st October, 2026
New Position
President (Forging Division)
Employment Type
Full-time Senior Management Personnel
Age
58 years
Prior Role
President of Aichi Forge, Thailand from 2021 to 2024

What happened

Mr. Koichiro Hayashida has resigned from the Board of Vardhman Special Steels as Non-Executive Non-Independent Director, effective 1st October, 2026. The stated reason is his full-time appointment as President (Forging Division) in the company from the same date.

The Board, on the recommendation of the Nomination and Remuneration Committee, passed a Resolution by Circulation dated 30th September, 2026 appointing him as Senior Management Personnel designated President (Forging Division), w.e.f. 1st October, 2026, on full-time employment terms.

About the person

How to read it

In his resignation letter he thanked Mr. Sachit Jain, Chairman and Managing Director, and the Board, referring to the partnership between the two companies over the past seven years. The move shifts him from a board seat to an executive role in the forging business, so his association with the company continues in a different capacity rather than ending.

More numbers
  • Age of Mr. Koichiro Hayashida58 years
  • Years of partnership referred to in resignation letterseven years
Source: BSE · 30 Sep 2026

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