Jindal Stainless Limited announced key changes following its Board of Directors meeting on June 25, 2026. The company appointed Mr. Kunjal Mehta as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). Concurrently, Mr. Tarun Kumar Khulbe will relinquish his additional CFO responsibilities. Additionally, the company approved the re-classification of PT Glory Metal Indonesia to an associate, effective July 1, 2026.
Key Leadership and Corporate Changes at Jindal Stainless
Jindal Stainless Limited has announced significant corporate developments following a Board of Directors meeting held on June 25, 2026. The company has appointed Mr. Kunjal Mehta as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). This appointment was made based on the recommendations from the Nomination & Remuneration Committee and the Audit Committee, with the effective date set for June 25, 2026.
Leadership Transition
With the appointment of Mr. Kunjal Mehta as CFO, Mr. Tarun Kumar Khulbe will cease to hold the additional responsibility of CFO. Mr. Khulbe will continue in his primary roles as CEO and Whole-time Director of the Company. This transition was formalized following Mr. Khulbe’s previous appointment to the additional CFO role on June 25, 2025.
PT Glory Metal Indonesia Re-classification
In another significant corporate move, the Board of Directors has approved the re-classification of PT Glory Metal Indonesia. The entity will be re-classified as an associate of Jindal Stainless Limited, effective July 1, 2026. This change comes after a period where PTGMI was classified as a subsidiary following a revised governance framework approved on June 25, 2025. The restoration of the original governance framework, as per the Collaboration Agreement entered on May 1, 2024, necessitates this re-classification.
Company Background and Experience
Mr. Kunjal Mehta brings over 25 years of diversified experience in sectors including power, steel, ports & logistics, technology, and ITES. He is a qualified Chartered Accountant and Cost Accountant. Prior to joining Jindal Stainless, he served as CFO at Adani Energy Solutions Limited and has held positions at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone Limited, and Essar Steel India Limited. His expertise encompasses corporate finance, resource mobilization, treasury, financial planning, and strategic finance functions. He is not related to any Director of the Company.
Meeting Details
The Board meeting commenced at 12 Noon and concluded at 1:50 P.M. on June 25, 2026.
Source: BSE
