Jindal Stainless has appointed Mr Kunjal Mehta as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 25, 2026. The Board of Directors approved the appointment based on the recommendations of the Nomination & Remuneration Committee and Audit Committee. Mr Mehta succeeds Mr Tarun Kumar Khulbe, who ceases to hold the additional responsibility of CFO while continuing as CEO & Whole-time Director of the company. Additionally, the Board approved the re-classification of PT Glory Metal Indonesia as an associate of the company with effect from July 1, 2026, following the restoration of the original governance framework under the Collaboration Agreement.

Leadership Profile

Mr Mehta is a qualified Chartered Accountant and Cost Accountant with over 25 years of experience across power, steel, ports & logistics, technology, and ITES sectors. Prior to joining Jindal Stainless, he served as the CFO of Adani Energy Solutions Limited. His career includes tenures at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone Limited, and Essar Steel India Limited.

As CFO, Mr Mehta will oversee the company's finance function, including treasury, capital management, financial planning, investor relations, risk management, and strategic growth initiatives. His expertise spans corporate finance, resource mobilisation, treasury and working capital management, financial planning & analysis, budgeting, governance, assurance & risk management, and strategic finance functions.

Strategic Outlook

Managing Director Mr Abhyuday Jindal stated that Mr Mehta brings deep expertise across corporate finance, treasury, fundraising, and business transformation. The appointment aims to strengthen the company's financial resilience and support its upward trajectory in the manufacturing business. Jindal Stainless reported an annual turnover of ₹42,955 crore in FY26 and is ramping up facilities to reach 4.2 million tonnes of annual melt capacity in FY27.

Jindal Stainless Ltd has updated the contact details of its Key Managerial Personnel (KMPs) authorised to determine the materiality of events or information. The disclosure, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is effective from June 25, 2026. This update ensures that the stock exchanges have accurate information regarding the officials responsible for making necessary disclosures.

The company has designated Mr. Navneet Raghuvanshi, Head-Legal, Company Secretary & Compliance Officer, and Mr. Kunjal Mehta, Chief Financial Officer, as the authorised personnel. Their official contact information, including email and phone numbers, has been provided to BSE Limited and the National Stock Exchange of India Ltd.

The following table outlines the designated personnel and their contact details:

This information has been uploaded to the company's website under the 'Contact Personnel & Materiality of Events' section. The update aligns with the company's policy for determining the materiality of events and information as specified in Para B of Part A of Schedule III.