Nova Iron and Steel Limited has approved the re-appointment of Mr. Hardev Chand Verma as Director, liable to retire by rotation. The company also appointed Mrs. Palak Jindal as an Independent Woman Director for a term of five years, effective August 8, 2026. Mr. Verma’s continuation as a Non-Executive, Non-Independent Director was also approved upon reaching the age of 75.
Director Re-appointments and New Appointments
Nova Iron and Steel Limited has announced key changes in its board composition following its annual general meeting held on October 30, 2026. The members of the company approved the re-appointment of Mr. Hardev Chand Verma (DIN:00007681) as a Director, who is subject to retirement by rotation.
Appointment of Independent Director
In a significant governance move, the company also appointed Mrs. Palak Jindal as an Independent Woman Director. Her appointment is effective from August 8, 2026, and she will serve for a term of five (5) years. Mrs. Jindal’s role as an Independent Director is expected to strengthen the board’s oversight and strategic direction.
Continuation of Directorship
Furthermore, the shareholders approved the continuation of Mr. Hardev Chand Verma’s directorship as a Non-Executive, Non-Independent Director. This approval comes as he attains the age of 75 years. The company confirmed that neither Mr. Verma nor Mrs. Jindal have been debarred from holding directorships by any regulatory authority.
Details of Appointments
The company has provided detailed information regarding these changes as per SEBI regulations. Mr. Hardev Chand Verma, with extensive experience in the Steel Sector, Project Implementation, and Marketing, has been a Director since 2013. Mrs. Palak Jindal brings a strong academic background in commerce, accounting, finance, and business administration, with expertise in corporate governance and financial management.
Source: BSE
