JINDALSTELNSEJINDAL STEEL LIMITED· Steel And Steel ProductsMediumNeutral
Announced Fri, 27 Mar · 21:03 IST

JINDAL STEEL LIMITED has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

JINDALSTEL · price

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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹1129.80
prior close
₹1117.00
base price
After-mkt
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+0.7+0.3+0.1+1.1+0.5+1.0+0.4+3.0+7.5+8.0+11.2+8.9+7.1-6.0
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AI summary

Jindal Steel Limited announced three board-level changes effective March 27, 2026. Mr. Sabyasachi Bandyopadhyay stepped down as Wholetime Director after completing his tenure. To fill the gap, Mr. Debojyoti Roy has been appointed as Additional Director and Wholetime Director for a three-year term, subject to shareholder approval. Mr. Roy brings around 27 years of experience, most recently from Tata Steel where he led corporate strategy and planning. Additionally, Mr. Damodar Mittal, who has 37 years with the company, has been re-appointed as Wholetime Director for another three years starting March 28, 2026. All appointments are recommended by the Nomination and Remuneration Committee and pending shareholder approval.

Likely market impact

This is a planned and orderly board succession with no disruption to operations. The new Wholetime Director brings strong strategy and transformation experience from Tata Steel, while continuity is maintained through Mr. Mittal's re-appointment. No negative governance signals for shareholders.