TWO INDEPENDENT DIRECTOR OF SAIL APPOINTED BY UPA GOVT.RESIGNS AHEAD ITS AGM
New Delhi: Ahead of its annual general meeting on Tuesday, Steel Authority of India Ltd (SAIL) said two of its independent directors, appointed by the UPA government, have resigned.
The state-run steel maker in a communique to the bourses said on Monday that independent directors Parminder Hira Mathur and N C Jha have submitted their resignations from the board with effect from September 19.
The reason for which was not mentioned in the filing.
SAIL’s board has seven independent directors. Its total strength of has now shrunk to 16.