Jindal Steel Limited announced significant changes to its Board of Directors effective March 27, 2026. The Board approved the appointment of Mr. Debojyoti Roy as Additional and Wholetime Director for three years, and the re-appointment of Mr. Damodar Mittal for a further three-year term as Wholetime Director. Concurrently, Mr. Sabyasachi Bandyopadhyay stepped down from his Whole-time Directorship upon completion of his tenure.
Board of Directors Approves Key Changes
Jindal Steel Limited informed exchanges on March 27, 2026, about approvals made by the Board of Directors following recommendations from the Nomination and Remuneration Committee regarding changes in the directorate.
Appointment of New Wholetime Director
The Board approved the appointment of Mr. Debojyoti Roy as an Additional Director and Wholetime Director of the Company. This appointment is effective for a term of three years, subject to subsequent shareholder approval. Mr. Roy holds a B. Tech (Mechanical) and ME, along with a PGDM, bringing approximately 27 years of work experience, including leadership roles in Corporate Strategy & Planning at Tata Steel Ltd.
Re-appointment of Wholetime Director
Furthermore, the Board approved the re-appointment of Mr. Damodar Mittal as Wholetime Director of the Company for an additional term of three years, pending shareholder approval. Mr. Mittal, who holds a B. Tech in Mechanical Engineering, has 37 years of experience and has played a crucial role in managing Iron Zone operations and executing large-scale projects for the organization.
Cessation of Whole-time Director
The company confirmed that Mr. Sabyasachi Bandyopadhyay ceased to be a Whole-time Director and stepped down from the Directorship of the Company with effect from the close of business hours on March 27, 2026, consequent to the completion of his tenure. Mr. Bandyopadhyay expressed gratitude to the Board and stakeholders for their support.
Compliance Confirmation
The company explicitly confirmed that both Mr. Debojyoti Roy and Mr. Damodar Mittal are not debarred from holding the office of Director by any authority. All requisite details pertaining to these changes, as mandated by regulatory circulars dated November 11, 2024, have been provided in accompanying annexures.
Source: BSE
