Enclosed herewith intimation pertaining to appointment of Mr. Nirmal Karwa in terms of Regulation 16(1)(d) of SEBI (LODR) Reg, 2015
JSWHL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JSW Holdings' Board meeting on May 28, 2026 approved multiple items including audited FY2025-26 financial results showing standalone profit after tax of Rs 12,159.05 Lakhs and consolidated PAT of Rs 14,664.97 Lakhs. The board appointed Mr. Nirmal Kumar Karwa under Regulation 16(1)(d) of SEBI LODR Regulations, effective June 1, 2026, based on Nomination and Remuneration Committee recommendations. Mr. Karwa is a qualified Chartered Accountant with over 18 years of experience and has been associated with the JSW Group for approximately 11 years. Additionally, the board re-appointed Mr. Manoj Kr. Mohta as Whole-time Director for five years and Mr. Haresh Dua as Internal Auditor for FY 2026-27. HPVS & Associates issued unmodified audit opinions on both standalone and consolidated financials.
The appointment of Mr. Nirmal Kumar Karwa under Regulation 16(1)(d) strengthens the board's composition. The company reported healthy profitability for FY2025-26 despite lower consolidated OCI due to fair value changes in equity investments. The unchanged audit opinions indicate financial reporting integrity.