Jindal Stainless appoints Kunjal Mehta as CFO; Tarun Khulbe continues as CEO

CFO resignedManagement Changes View source PDF Explain this filing

JSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹699.50

prior close

₹696.30

announcement price

In-mkt

timing

Nifty Midcap 150market-0.5%-0.2% vs market

Iron & Steel peers, median of 10sector-0.3%-0.5% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Midcap 150 and 0.5 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.2

15m

-0.3

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.5-0.2-0.3-0.5

Next day

-1.6-0.8-0.8-0.8-0.9

-0.7-0.4-0.2-1.1+0.4

-2.6-0.2-2.4-2.1-0.5

-0.8+0.3-1.1-1.2+0.4

-0.3+0.1-0.4-0.4+0.1

-0.7+0.2-0.8-2.4+1.7

15d

+5.5+0.4+5.1-3.4+9.0

+3.5+0.3+3.2-2.6+6.1

+0.5+2.9-2.4-1.2+1.7

+6.8-1.9+8.7-2.5+9.3

UpDownMarket · Nifty Midcap 150Sector · Iron & Steel peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board appointed Kunjal Mehta as CFO effective June 25, 2026. He is a Chartered Accountant and Cost Accountant with 25+ years experience, formerly CFO of Adani Energy Solutions. Tarun Kumar Khulbe, who held the additional CFO charge since June 2025, gives up the CFO role but continues as CEO and Whole-time Director. PT Glory Metal Indonesia will shift from subsidiary to associate from July 1, 2026, a governance change only; economic interest is unchanged.

Likely market impact

Routine leadership transition with experienced finance hire from the Adani group. PTGMI reclassification is governance only and does not alter economic interest.