Jindal Steel Limited Head - Sales & Marketing Pankaj Malhan resigns

1 min read Updated on 02 Jul 2026, 06:16 PM

Reviewed by

Anirudha BScanX News Team

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Pankaj Malhan resigned as Head - Sales & Marketing at Jindal Steel Limited effective June 30, 2026, due to personal commitments. The company disclosed the event under Regulation 30 of the SEBI Listing Regulations.

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Pankaj Malhan has resigned as Head - Sales & Marketing at Jindal Steel Limited effective June 30, 2026. The separation is due to personal commitments and took effect from the close of business hours on the specified date. This change impacts the company's senior management structure responsible for sales and marketing functions.

The disclosure was made in compliance with Regulation 30 read with Schedule III, Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jindal Steel Limited informed the exchanges regarding the cessation of the senior management personnel's services.

The following table details the specifics of the event:

Sl. No.	Details of event	Information
1.	Name	Mr. Pankaj Malhan
2.	Reason for change	Resignation
3.	Date of cessation	June 30, 2026
4.	Brief profile	Not Applicable
5.	Disclosure of relationships	Not Applicable

In his resignation letter addressed to the Chief Executive Officer, Mr. Malhan requested to be relieved from his duties effective June 30, 2026. He expressed gratitude to the leadership team and the entire staff at Jindal Steel Limited for their support and cooperation during his tenure.

Historical Stock Returns for Jindal Steel

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.09%	+0.72%	-8.57%	+4.06%	+11.27%	+166.32%

Who will be appointed as the successor to lead sales and marketing, and what changes in strategy might they implement?

How will this leadership transition affect Jindal Steel's sales performance and market share in the upcoming fiscal year?

What timeline does the company have for filling this critical senior management role?

Read Next Article

Beaufield Holdings releases pledge on 1.7M Jindal Steel shares

1 min read Updated on 27 Jun 2026, 12:41 PM

Reviewed by

Suketu GScanX News Team

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Promoter Beaufield Holdings Limited released a pledge on 1.7 million shares of Jindal Steel Ltd on June 18, 2026. The shares, representing 0.17% of the total share capital, were previously held as security for borrowings with Deutsche Bank A.G., Singapore Branch. Following the release, the promoter's encumbered holding stands at 1,791,360 shares, or 0.18% of the total share capital.

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Promoter Beaufield Holdings Limited has released a pledge on 1.7 million shares of Jindal Steel Ltd , reducing the encumbrance on its shareholding. The release, executed on June 18, 2026, pertains to shares that were previously pledged with Deutsche Bank A.G., Singapore Branch to secure borrowings.

The disclosure was submitted to the stock exchanges on June 23, 2026, in compliance with Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing details the change in the encumbrance status of the shares held by the promoter group.

Prior to the release, Beaufield Holdings Limited held 3,491,360 shares as encumbered, representing 0.34% of the total share capital of Jindal Steel Ltd. Following the release of the 1.7 million shares, which constituted 0.17% of the total share capital, the promoter's encumbered holding has decreased to 1,791,360 shares, or 0.18% of the total share capital.

The total shareholding of Beaufield Holdings Limited in Jindal Steel Ltd stands at 5,991,720 shares, accounting for 0.59% of the company's total share capital. The release of the pledge reduces the overall encumbrance percentage within the promoter group's holding structure.

Details of Encumbrance Release

Parameter	Details
Promoter	Beaufield Holdings Limited
Type of Event	Release
Date of Release	June 18, 2026
Number of Shares Released	1,700,000
% of Total Share Capital Released	0.17%
Lender	Deutsche Bank A.G., Singapore Branch
Post-event Encumbered Shares	1,791,360
Post-event Encumbered %	0.18%

The filing also includes a comprehensive list of residual promoters and promoter group entities, indicating the pledged or otherwise encumbered status of their respective shareholdings as of the reporting date.

Historical Stock Returns for Jindal Steel