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JSLNSEJindal Stainless Limited· Steel And Steel ProductsHighNeutral
Announced Thu, 25 Jun, 2026 · 18:02 IST

Jindal Stainless appoints new CFO, reclassifies Indonesia JV as associate

Cfo ResignedKmp ResignedManagement Changes View source PDFExplain 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
-0.9%Reaction day
₹694.10
prior close
₹694.95
announcement price
After-mkt
timing
Nifty Midcap 150market-0.3%-0.6% vs market
Iron & Steel peers, median of 10sector+0.2%-1.1% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 1.1 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
5m
+0.2
10m
+0.2
15m
+0.9
30m
+1.3
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-0.9-0.3-0.6+0.2-1.1
Next day
+0.1+0.1-0.0-0.4+0.5
2d
-1.8+0.3-2.2-1.9+0.0
3d
-0.0+0.8-0.9-0.5+0.4
4d
+0.5+0.6-0.1-0.1+0.5
5d
+1.6+1.0+0.6+0.2+1.3
1w
+0.1-0.9+1.1-3.2+3.4
15d
+4.6+1.5+3.2-2.4+7.1
1m
+5.2+1.6+3.5+0.4+4.7
2m
+0.8+3.5-2.6+1.6-0.8
3m
+5.5-3.9+9.4-1.9+7.4
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

Jindal Stainless appointed Mr. Kunjal Mehta as CFO and KMP effective June 25, 2026. Mehta is a Chartered Accountant and Cost Accountant with 25 plus years of experience, most recently as CFO of Adani Energy Solutions, with prior stints at Adani Electricity, Adani Ports and Essar Steel. CEO Tarun Kumar Khulbe, who held the additional CFO charge since June 2025, will continue as CEO and Whole-time Director. Separately, the Board reclassified PT Glory Metal Indonesia from a subsidiary to an associate effective July 1, 2026, restoring the original joint venture governance where the JV partner nominates the majority of directors. Economic rights and shareholding remain unchanged.

Likely market impact

New CFO brings deep finance experience from Adani group; Indonesia unit governance reverts to JV partner majority control with no economic impact.