Jindal Steel’s Board of Directors has approved amendments to the Jindal Steel & Power Employees Benefit Scheme 2022, pending shareholder approval. Additionally, Mr. Parimal Rai has been appointed as an Additional Independent Director, effective October 4, 2025. The Board also formally appointed Mr. Sunil Agrawal as Chief Financial Officer (CFO), effective the same date.
Employee Benefit Scheme Amendments
The Board of Directors has approved certain amendments to the Jindal Steel & Power Employees Benefit Scheme 2022. These changes are subject to shareholder approval and compliance with applicable regulations. Once approved, the Scheme’s name will be updated to reflect the company’s new name, Jindal Steel Limited.
Appointment of Independent Director
Mr. Parimal Rai has been appointed as an Additional Director in the category of Independent Director, effective October 4, 2025. This appointment follows the recommendation of the Nomination & Remuneration Committee. Mr. Rai is a retired IAS officer with extensive experience in governance and administration. He holds degrees from IIT Delhi and Sarvepalli Radhakrishnan University, and is a registered advocate.
Sunil Agrawal Appointed CFO
Mr. Sunil Agrawal has been formally appointed as Chief Financial Officer (CFO) and Key Managerial Personnel, effective October 4, 2025. He had taken charge as CFO on July 15, 2025. His appointment was based on the recommendations of the Nomination and Remuneration Committee and Audit Committee.
Sunil Agrawal Profile
Mr. Agrawal has nearly 32 years of experience in the Corporate Finance function. He joined Jindal Steel in May 1993 and has served in various positions across different divisions, including machinery, mining, and power. He has also held several management positions during his tenure.
Source: BSE
