The board of Jindal Steel has approved the appointment of Aabha Bakaya (DIN: 05131734) and V. Sehgal (DIN: 05218876) as Additional Directors in the category of Non-Executive Independent Directors of the Company. According to reports from Business Standard, these appointments were made during a board meeting held on 29 July 2026. The disclosure was made under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the filing referencing SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that neither Bakaya nor Sehgal is debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority.
The newly appointed directors will serve for a term of two consecutive years, with effect from 29 July 2026. As reported by Business Standard, the appointments are subject to the approval of the shareholders of the Company, indicating standard corporate governance procedures for such board changes. The appointments were recommended by the Nomination and Remuneration Committee and approved through resolutions passed by circulation, based on the recommendation of the Nomination and Remuneration Committee. These changes are part of Jindal Steel Limited's ongoing efforts to strengthen its leadership with experienced and diverse professionals to guide the company in its future endeavours.
The appointments fall under the category of Non-Executive Independent Directors, which typically involves board members who are not employed by the company and provide independent oversight. According to the company announcement, these positions are designed to strengthen the board's independence and governance framework. Both new directors are not related to any other Director of the Company, as confirmed in the regulatory filing. Additionally, Mr. V. Sehgal currently holds board memberships in other organisations, bringing a comprehensive understanding of governance frameworks. This standard board reconstitution brings fresh expertise in media, finance, global industrials and governance to the Jindal Steel Board.
These appointments coincide with the conclusion of the tenures of Mrs. Shivani Wazir Pasrich and Ms. Kanika Agnihotri, who served as Independent Directors. Pasrich and Agnihotri were appointed for their second term of three consecutive years effective July 29, 2023, and their terms concluded upon completion on 28 July 2026. The Board recorded its appreciation for their guidance and contributions during their respective tenures. The company has made these details available on its website at www.jindalsteel.in.
Aabha Bakaya brings over two decades of experience in business journalism, content curation, news reporting, and live broadcasting. She is the Founder and Chief Executive Officer of Ladies Who Lead, a network for women leaders in India. Her career includes senior editorial and anchoring positions at India Today Group/Business Today TV, ET NOW, Bloomberg TV India, NDTV Profit, CNBC TV18, and Business Today Magazine. She holds a bachelor's degree in media and communications from the University of New South Wales, Sydney, and a certificate in Creative Writing and Screenwriting from Columbia University, New York. She was recognized as the Best Business News Anchor in 2022. V. Sehgal is a global industrials advisor with over two decades of experience in capital allocation, cross-border mergers and acquisitions, restructuring, and strategic transformation across the Americas, Europe, and Asia. He serves as Global Head of Automotive and Executive Vice Chairman at Rothschild & Co, advising boards across automotive, industrial, metals, and manufacturing sectors. He currently serves on the Boards of Cyient Limited. Previously, he was a Partner at Booz Allen Hamilton and held positions at Ford Motor Company and Daewoo Motors. He holds degrees in Mechanical Engineering from the University of Delhi, Industrial Engineering from the University of Florida, Engineering from the Massachusetts Institute of Technology, and an MBA from the University of Chicago.
