JINDAL STEEL LIMITED has informed the Exchange regarding Notice of Postal Ballot
JINDALSTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jindal Steel Limited has issued a postal ballot notice seeking shareholder approval for three resolutions. The key items are: (1) appointment of Mr. Debojyoti Roy as Director, (2) appointment of Mr. Debojyoti Roy as Whole-time Director for 3 years with total annual compensation of Rs. 3.13 crore including basic salary of Rs. 56 lakh, flexible compensation of Rs. 77.28 lakh, variable pay target of Rs. 90 lakh, and long-term incentives of Rs. 90 lakh, and (3) re-appointment of Mr. Damodar Mittal as Whole-time Director for another 3 years with annual compensation of Rs. 2.90 crore including basic salary of Rs. 71.62 lakh, flexible compensation of Rs. 98.84 lakh, and variable pay target of Rs. 1.19 crore. Mr. Debojyoti Roy brings over 25 years of experience in steel and manufacturing sectors with expertise in business strategy and operations. Voting period runs from May 20, 2026 to June 18, 2026, with results expected by June 22, 2026.
The appointments signal continuity in leadership and the addition of an experienced executive to the management team. The compensation packages are aligned with industry standards and include performance-linked variable pay, which ties executive remuneration to company outcomes. Shareholders should review the remuneration details, particularly the variable pay structures linked to cash score metrics.