Jindal Stainless Limited has informed the Exchange regarding Change in Director(s) of the company.
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Jindal Stainless Limited has informed the stock exchanges that Mr. Jayaram Easwaran (DIN: 02241192) ceased to be an Independent Director of the company with effect from the close of business hours on August 4, 2025. This cessation is on account of the completion of his second consecutive term as an Independent Director, which is the maximum tenure permitted under the Companies Act for independent directors. The company has filed the requisite disclosure under Regulation 30 of the SEBI Listing Regulations. The filing does not mention any appointment of a replacement independent director in this communication.
This is a routine, regulation-driven exit and not indicative of any governance concern or dispute. Shareholders should expect the company to appoint a new independent director in due course to maintain board composition requirements; minimal impact on the stock is anticipated.