NMDC Steel Limited has informed the Exchange regarding Cessation of Mr K RAJ SHEKHAR as Chief Financial Officer of the company w.e.f. March 31, 2026.
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NMDC Steel Limited has informed the stock exchanges that Shri K Raj Shekhar has ceased to be the Chief Financial Officer (CFO) of the company with effect from March 31, 2026 (afternoon). Shri Raj Shekhar, who was General Manager (Finance), had been serving as the interim Whole Time CFO and Key Managerial Person (KMP) since May 2025, pending the appointment of a permanent Director (Finance). The company has now appointed Shri Anurag Kapil (DIN: 06640383) as Director (Finance) on the Board with effect from March 31, 2026, and he will be deemed to be the new CFO. This is an orderly, planned transition from an interim arrangement to a permanent CFO.
This is a routine and planned leadership transition rather than an abrupt exit, so it is unlikely to have a material negative impact on the stock. Shareholders now have a permanent CFO in place, which brings more stability to financial reporting and decision-making.