Jindal Steel Limited Announces CEO Resignation: Gautam Malhotra To Step Down by July 15, 2026
Jindal Steel Limited has announced that Mr. Gautam Malhotra, the company’s Chief Executive Officer, will no longer be serving with the organization. The change is due to his resignation and will take effect from the close of business hours on July 15, 2026.Mr. Malhotra submitted his resignation citing personal commitments. He expressed gratitude for the opportunity and trust placed in him during his tenure at Jindal Steel Limited. As part of the transition process, he committed to ensuring a smooth and orderly handover of all his responsibilities to facilitate the company's continued operations.
The details regarding this executive change are as follows:
| Details | Information |
|---|---|
| Name | Mr. Gautam Malhotra |
| Reason for Change | Resignation |
| Date of Cessation | July 15, 2026 |
Jindal Steel Limited confirmed that the Chief Executive Officer's departure marks a period of transition for the company, and stakeholders can expect support to be provided throughout the handover process.
JINDALSTEL Stock Price Movement
On Friday, Jindal Steel Limited shares rallied to close at ₹1051.3, edging higher by 2.17% in the metals and mining sector. The stock saw significant activity during the session, with 1.18 million shares traded.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.
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