Announced Thu, 25 Jun · 14:04 IST
New CFO appointed; PT Glory Metal Indonesia reclassified as associate
Management Changes View source PDF
JSL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹699.50
prior close
₹695.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.1-0.0-0.1-1.6-0.7-2.6-0.8-0.3-0.7+5.5+3.5——
Up moveDown movePending
AI summary
Jindal Stainless board on June 25, 2026 appointed Kunjal Mehta (ex-CFO Adani Energy Solutions, 25+ years experience) as new CFO. CEO Tarun Khulbe, who held additional CFO charge since June 2025, continues as CEO and Whole-time Director. Board also reclassified PT Glory Metal Indonesia from subsidiary back to associate effective July 1, 2026, after the Indonesia stainless steel melt shop was commissioned in March 2026. Shareholding and economic rights remain unchanged.
Likely market impact
New CFO brings strong finance experience from large groups. Reclassification is governance-only with no change to shareholding or economics.