Jindal Stainless (JSL) has appointed Kunjal Mehta as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from June 25, 2026. According to the company's regulatory filing, the appointment was approved based on recommendations from the Nomination & Remuneration Committee and the Audit Committee. Following Mehta's appointment, Tarun Kumar Khulbe will cease to hold the additional charge of CFO, while continuing as Chief Executive Officer (CEO) and Whole-time Director of the company. Khulbe had been entrusted with the additional responsibility of CFO since June 25, 2025.
Mehta is a Chartered Accountant and Cost Accountant with more than 25 years of experience across sectors including power, steel, ports and logistics, technology and IT-enabled services. As reported by the company, before joining Jindal Stainless, he served as CFO of Adani Energy Solutions Ltd. During his career, he has also held leadership roles at Adani Electricity Mumbai Ltd, Adani Ports & Special Economic Zone and Essar Steel India. His expertise spans corporate finance, treasury and working capital management, financial planning and analysis, budgeting, governance, risk management, fundraising, investor relations, financial restructuring and finance transformation initiatives.
The stock has shown strong performance with trading volumes at 26,790 shares, about 43% higher than the five-day average of 18,714 shares. Despite recent decline, the stock remains up over 61% from its 52-week low of ₹322.73 and is trading around 10% below its 52-week high of ₹578.05. The company's market capitalisation stood at ₹8,279.78 crore as of the latest trading session. The stock price had previously risen 0.06% to ₹695.10 on the BSE following the announcement of Mehta's appointment.
The board also approved the reclassification of PT Glory Metal Indonesia as an associate of the company with effect from July 1, 2026. According to the regulatory filing, Mehta is not related to any director on the board. Jindal Stainless manufactures stainless steel using electric arc furnace and operates 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, with a worldwide network in 12 countries as of March 2026.
