Shiv Aum Steels Limited has officially announced the outcome of its Board Meeting held on April 16, 2026, which focused on key leadership transitions and the reconstitution of vital board committees. The meeting primarily addressed changes following the resignation of a key board member, ensuring the continuity of corporate governance standards.

The board approved the appointment of Mr. Ankit Suryakant Mehta, a Non-Executive Independent Director, as the new Chairman of the Company effective April 16, 2026. Additionally, the Audit Committee and the Nomination and Remuneration Committee were reconstituted effective April 1, 2026, to fill the vacancy left by the resignation of Mrs. Bharti Manoj Daga. Mr. Harsh Lapsia now leads the Audit Committee as Chairman, while Mr. Pramod Basrur has been appointed Chairman of the Nomination and Remuneration Committee.

Incorporated in 2002 and listed since 2019, Shiv Aum Steels Limited operates as a major steel service center and supply chain consolidator in India. The company is primarily engaged in trading a diverse range of mild steel products, including beams, angles, channels, and TMT bars. As an authorized distributor for major players like Jindal Steel & Power Ltd. (JSPL) and having MoUs with the Steel Authority of India (SAIL), the company serves over 1,000 customers across India from its strategic warehouse in Taloja, Maharashtra. In late 2025, the company continued its focus on domestic market expansion and working capital management to mitigate market risks associated with steel price fluctuations.

For the quarter ended December 31, 2025, Shiv Aum Steels reported a significant surge in its financial performance, with revenue reaching ₹181.12 Crores, representing a 20.47% growth compared to ₹150.34 Crores in the corresponding quarter of 2024. The net profit saw an exceptional jump of 1700% to ₹0.90 Crores, up from ₹0.05 Crores in the previous year’s corresponding period. On a sequential basis (QoQ), revenue increased by 58.04% from ₹113.94 Crores in September 2025. Prominent promoter shareholders include Mr. Sanjay Narendra Bansal and Mobi Realtors Private Limited, who maintain a stable promoter holding of 73.53% as of December 2025.