Sambhv Steel Tubes Limited has announced the appointment of Mr. Sharad Chandak as an Additional Independent Director to its Board of Directors. This decision was made based on the recommendation of the Nomination and Remuneration Committee and was subsequently approved by the Board. Mr. Chandak's appointment is effective from January 31, 2026, for a term of five consecutive years, concluding on January 31, 2031. This appointment is subject to the approval of the company's shareholders. Mr. Chandak brings over 36 years of extensive experience in the banking sector, primarily with the State Bank of India (SBI). He retired in January 2025 as Chief General Manager, overseeing a large circle with significant assets and deposits. His career includes international experience in the United Kingdom, leadership roles in credit appraisal, SME lending, retail banking, and financial inclusion. He also played a key role in resolving stressed assets and enhancing risk management and compliance frameworks during his tenure as CEO & Director of SBI (UK) Limited. He has also served as a Non-Executive Independent Director on the boards of SMS Limited and RKTC Infratech Limited, and has received several prestigious awards for his contributions.
