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SRU Steels Appoints Vijay Sureshbhai Makvana as Executive Managing Director: Leadership Refresh Amid Market Volatility

Updated: April 21, 2025 16:43

SRU Steels Ltd has announced the appointment of Vijay Sureshbhai Makvana as Executive Managing Director, effective March 31, 2025. This boardroom move signals a strategic push to strengthen leadership as the company navigates a challenging market environment and aims for operational turnaround.
 
Key Highlights:
  • Vijay Sureshbhai Makvana brings over three decades of industry experience and is expected to drive SRU Steels’ growth strategy, focusing on trading and consignment of various steel products including stainless, carbon, and mild steels.
  • The board also appointed Manish Manojbhai Rathod as Non-Executive Director, reinforcing governance and oversight.
  • SRU Steels, incorporated in 1995, operates primarily in Haryana and Ahmedabad, specializing in steel trading and consignment agency services.
  • The company’s financials reflect a tough year: as of March 27, 2025, the share price stood at Rs. 5.49, down 54% over six months and 43% over the past year, with a market cap of Rs. 32.91 crore.
  • Despite market headwinds and lower financial stability compared to peers, SRU Steels maintains a strong Altman Z score of 7.83, ranking 4th among 8 competitors, indicating resilience against bankruptcy risk.
The leadership overhaul is seen as a timely move to restore investor confidence and unlock value, with the new executive team expected to focus on operational efficiency and strategic expansion.
This appointment underscores SRU Steels’ commitment to revitalizing its business and adapting to evolving industry dynamics.
 
Source: Tijori Finance, ICICI Direct

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