Jindal Stainless Limited has disclosed the resignation of its Executive Director and Group Chief Financial Officer (CFO), Mr. Anurag Mantri, who has decided to step down from his position to pursue new professional opportunities. This decision was officially communicated through a filing with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), in accordance with the Securities and Exchange Board of India (SEBI) Listing Regulations.

Mr. Mantri, who has been an integral part of Jindal Stainless Limited for over eight years, will cease to be the Executive Director & Group CFO at the close of business hours on April 4, 2025. His resignation marks the end of a successful tenure during which he played a key role in shaping the company’s strategic direction, driving corporate governance, investor relations, and overseeing mergers and acquisitions (M&As). His leadership significantly contributed to strengthening the company’s market position, establishing a strong foundation for future growth.

In his resignation letter, Mr. Mantri expressed his appreciation for the support and trust extended to him by the company’s leadership, including the Chairman, Managing Director, fellow Board members, and his dedicated team. He emphasized the privilege of being part of Jindal Stainless Limited's remarkable journey and highlighted the company's transformation over the years, particularly in areas such as digital IT transformation and media engagement. His decision to leave the company was made after careful consideration and with the intention to explore new professional avenues.

As per the SEBI Master Circular (SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024), the company has complied with all necessary disclosure requirements, ensuring that this change in key managerial personnel is transparently communicated to all relevant stakeholders. The resignation has been formalized with the submission of the resignation letter, which has been annexed to the filing with the stock exchanges.

Jindal Stainless Limited, in its statement, expressed its gratitude for Mr. Mantri's invaluable contributions and wished him success in his future career. The company assured that its operational and strategic direction would remain unaffected by this change in leadership, as the Board and senior management team continue to steer the company forward with the same level of commitment and focus on growth and innovation.

This change in the executive leadership at Jindal Stainless Limited serves as a significant development for the company, particularly for its stakeholders and investors who have closely followed the company’s growth trajectory. As Mr. Mantri moves on to new challenges, his contributions to Jindal Stainless Limited’s financial stability, market positioning, and corporate governance will undoubtedly be remembered as part of the company’s legacy.

In conclusion, the resignation of Anurag Mantri is a pivotal moment for Jindal Stainless Limited, but also an opportunity for the company to bring fresh perspectives into its leadership. With continued focus on strategic initiatives and operational excellence, Jindal Stainless is poised to sustain its position as a leader in the industry, ensuring long-term growth and success.

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