Jindal Steel Limited has announced key changes to its board of directors following a meeting held on March 27, 2026. The board approved the appointment of a new director and the re-appointment of an existing director, while also witnessing the departure of another director upon completion of his tenure.

Board Appointments and Re-appointments

The board of directors, based on recommendations from the Nomination and Remuneration Committee, approved two significant appointments during the meeting:

Both appointments are subject to shareholder approval. The company confirmed that neither Mr. Debojyoti Roy nor Mr. Damodar Mittal are debarred from holding director positions by SEBI or any other authority.

New Director Profile

Mr. Debojyoti Roy brings extensive experience to Jindal Steel Limited with approximately 27 years of work experience. He holds a B. Tech (Mechanical) and ME from North Eastern Hill University, along with a PGDM from XIM, Bhubaneswar.

His professional background includes significant roles at Tata Steel Ltd, where he served as:

• Chief - Corporate Strategy & Planning, leading enterprise-wide strategic planning and performance improvements
• Director - Strategy & Transformation at Tata Steel UK, driving business transformation post-demerger

Mr. Roy's expertise encompasses Business Strategy, Operations Management, People Processes, Team Leadership, Agile methodologies, Expansion Strategies, Change Management, Restructuring, and Mergers & Acquisitions. He is not related to any existing director or key managerial personnel of the company.

Re-appointed Director Background

Mr. Damodar Mittal, who has been re-appointed as Wholetime Director effective March 28, 2026, brings 37 years of experience to his continued role. He holds a B. Tech in Mechanical Engineering and is a Certified Project Manager.

Mr. Mittal's career highlights include:

• Starting as a Graduate Engineer Trainee with Jindal Steel in 1989
• Managing Iron Zone operations at Angul
• Executing large-scale projects including Coke Ovens & CDQ, DRI plant, Pellet plant, Slurry pipeline project, and Oxygen Plant
• Leading the commissioning of one of India's largest Blast Furnaces

His expertise lies in executing complex projects with focus on planning, project administration, strategic scheduling, quality control, and cost optimization. He specializes in conceptualizing and executing both greenfield and brownfield projects.

Director Departure

Mr. Sabyasachi Bandyopadhyay stepped down as Wholetime Director with effect from the close of business hours on March 27, 2026, upon completion of his tenure. In his resignation letter, he expressed gratitude to the board, management, and stakeholders for their support during his tenure.

Meeting Details

The board meeting commenced at 01:00 p.m. and concluded at 02:15 p.m. on March 27, 2026. All relevant disclosures have been made available on the company's website at www.jindalsteel.in , in compliance with SEBI regulations.

Jindal Steel & Power Ltd. has recorded a significant block trade transaction on the National Stock Exchange (NSE), highlighting institutional activity in the steel sector. The large-volume transaction demonstrates continued investor interest in one of India's prominent steel manufacturers.

Transaction Details

The block trade executed on NSE involved substantial volume and value, reflecting institutional participation in the company's shares.

Block Trade Significance

Block trades represent large-volume transactions that are typically executed by institutional investors, mutual funds, or other large stakeholders. These transactions are conducted outside the regular market order book to minimize market impact and ensure efficient price discovery for substantial volumes.

The execution of this block trade indicates active institutional participation in Jindal Steel & Power Ltd.'s equity, suggesting confidence in the company's market position within India's steel industry. Such transactions often reflect portfolio rebalancing activities or strategic investment decisions by large investors.

Market Impact

Block trades provide several advantages to market participants, including reduced market volatility and improved liquidity for large transactions. The completion of this Rs. 23.47 crore transaction demonstrates the depth of institutional interest in the steel sector and Jindal Steel & Power Ltd.'s equity specifically.