Jindal Steel Limited Announces Appointments of New Independent Directors and Tenures Concluded
JINDAL STEEL LIMITED has announced significant changes in its board composition, appointing two new individuals as Additional Non-Executive Independent Directors while marking the conclusion of terms for two other senior directors.The appointments include Ms. Aabha Bakaya and Mr. V. Sehgal, both joining the company's independent director category. These appointments are effective from July 29, 2026, and are subject to subsequent approval by the shareholders.
New Appointments Detail:
Ms. Aabha Bakaya has been appointed as an Additional Director for a term of two consecutive years. Ms. Bakaya is described as a senior financial news editor, anchor, and entrepreneur with over two decades of experience in business journalism and content curation. She is the Founder and Chief Executive Officer of Ladies Who Lead, a network supporting women leaders in India. Her career includes holding senior editorial and anchoring positions with India Today Group/Business Today TV, ET NOW, Bloomberg TV India, NDTV Profit, CNBC TV18, and Business Today Magazine. Ms. Bakaya was recognized as the Best Business News Anchor in 2022.
Mr. V. Sehgal has also been appointed as an Additional Independent Director for a period of two consecutive years, effective July 29, 2026, pending shareholder approval. Mr. Sehgal is a global industrials advisor with more than two decades of experience across the Americas, Europe, and Asia in capital allocation, cross-border mergers and acquisitions, restructuring, and strategic transformation. He currently serves on the Boards of Cyient Limited and has previous experience as a Partner at Booz Allen Hamilton and held positions at Ford Motor Company and Daewoo Motors.
Conclusion of Tenures:
The company also confirmed that Mrs. Shivani Wazir Pasrich and Ms. Kanika Agnihotri completed their respective tenures as Independent Directors. Both individuals were appointed for a second term of three consecutive years, commencing on July 29, 2023, and concluded their terms on July 28, 2026.
The Board of Directors and the management expressed sincere appreciation to Mrs. Shivani Wazir Pasrich and Ms. Kanika Agnihotri for their valuable guidance and contributions during their service as Independent Directors.
Summary of Personnel Changes
| Name | Role Change | Status Date | Term Length |
|---|---|---|---|
| Ms. Aabha Bakaya (DIN: 05131734) | Appointed Additional Director (Independent) | July 29, 2026 | Two consecutive years (Subject to shareholder approval) |
| Mr. V. Sehgal (DIN: 05218876) | Appointed Additional Director (Independent) | July 29, 2026 | Two consecutive years (Subject to shareholder approval) |
| Mrs. Shivani Wazir Pasrich (DIN: 00602863) | Tenure Concluded as Independent Director | July 28, 2026 | Completed tenure started on July 29, 2023 |
| Ms. Kanika Agnihotri (DIN: 09259913) | Tenure Concluded as Independent Director | July 28, 2026 | Completed tenure started on July 29, 2023 |
Profiles of New Appointees
| Name | Key Experience Highlights |
|---|---|
| Ms. Aabha Bakaya | Senior financial news editor and founder of Ladies Who Lead; over two decades in business journalism across various media platforms. |
| Mr. V. Sehgal | Global industrials advisor (Rothschild & Co); extensive experience in M&A, restructuring, and strategic transformation across global markets. |
JINDALSTEL Stock Price Movement
Shares of Jindal Steel Limited are edging higher to ₹1097.40 as of 11:25 AM today, climbing 4.08% in active trading. The stock sees significant interest, with the intraday volume reaching 844,485 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: