NMDC Steel Limited Announces Management Change: Anurag Kapil Appointed as Director (Finance) and CFO

NMDC Steel Limited has announced a key management transition with the appointment of Shri Anurag Kapil as Director (Finance) and Chief Financial Officer, effective March 31, 2026. The company informed stock exchanges about this leadership change under Regulation 30 of SEBI (LODR) Regulations, 2015.

Leadership Transition Details

The management change involves a planned succession in the company's financial leadership. Shri Anurag Kapil, bearing Director Identification Number (DIN) 06640383, has been appointed to the Board of NMDC Steel Limited as Director (Finance). Upon assuming this position, he will be deemed the Chief Financial Officer of the company.

Position Details:	Information
New Appointee:	Shri Anurag Kapil
Director Identification Number:	06640383
Designation:	Director (Finance) and CFO
Effective Date:	March 31, 2026 (A/N)

Outgoing CFO Cessation

With Kapil's appointment, Shri K Raj Shekhar will cease to be the CFO of NMDC Steel Limited effective March 31, 2026. Shekhar had been serving as General Manager (Finance) and was designated as Whole Time Chief Financial Officer and Key Managerial Person (KMP) following a Board decision communicated in May 2025.

Transition Summary:	Details
Outgoing CFO:	Shri K Raj Shekhar
Previous Role:	General Manager (Finance)
Cessation Date:	March 31, 2026 (A/N)
Previous Appointment:	May 27, 2025

Regulatory Compliance

The company has duly informed all relevant stock exchanges about this management change, including BSE Limited, National Stock Exchange of India Limited, and Calcutta Stock Exchange Limited. This notification ensures compliance with regulatory requirements for listed companies regarding changes in key managerial positions.

The appointment represents a structured transition in NMDC Steel Limited's financial leadership, ensuring continuity in the company's financial management and strategic direction. The change reflects the company's commitment to maintaining robust corporate governance standards and regulatory compliance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.93%	+2.42%	-13.31%	-21.60%	+2.99%	+10.77%

NMDC Steel Limited has announced the extension of additional charge of the Director (Commercial) post to Shri Vinay Kumar, Director (Technical), for an additional period of one year. The company informed stock exchanges about this development through a regulatory filing under SEBI (LODR) Regulations, 2015.

Extension Details

The extension has been approved through Ministry of Steel, Government of India Order No. S-14013/2/2025-BLA-Part(1) dated March 30, 2026, read with Order No. 4(3)/2022-NMDC dated March 20, 2023. The arrangement represents a continuation of the existing additional charge assignment that was previously communicated to exchanges in January 2026.

Parameter:	Details
Extension Period:	01 year
Effective Date:	April 7, 2026
Duration:	Until regular incumbent assumes charge or further orders
Previous Communication:	January 12, 2026

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates disclosure of material events and information. The company has informed all three stock exchanges where its shares are listed:

BSE Limited: Scrip Code 543768
National Stock Exchange of India Limited: Security ID NSLNISP
Calcutta Stock Exchange Limited: Scrip ID 74920

Management Structure

Shri Vinay Kumar will continue to hold dual responsibilities as Director (Technical) while managing the additional charge of Director (Commercial). The arrangement will remain in effect until one of three conditions is met: completion of the one-year extension period, assumption of charge by a regular incumbent for the Director (Commercial) position, or receipt of further orders from the government.

The communication was signed by Company Secretary Aniket Kulshreshtha on March 31, 2026, ensuring timely disclosure to stakeholders and regulatory compliance.