Jindal Stainless appoints new CFO, reclassifies Indonesia JV as associate

Cfo ResignedKmp ResignedManagement Changes View source PDF

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+0.1%1-day move

₹694.10

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₹694.95

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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.