Change in Director / Key Managerial Personnel
Nature of change: Appointment and cessation of senior management personnel
Appointments:
- Mr. P P Varma appointed as Executive Vice President & Plant Head - Dolvi, Salav & Anjar
- Mr. S M Kumar appointed as Sr. Vice President, Plant Head - Salem
- Both appointments effective August 7, 2026
- Both appointments approved by Board of Directors based on recommendation of Nomination & Remuneration Committee
Cessations/Transitions:
- Mr. Ashish Chandra, President-Dolvi, Salav & Anjar Works has ceased to be Senior Management of the Company
- Mr. B N S Prakash Rao has transitioned from Plant Head - Salem Works to Head – Centre of Excellence for Alloy Steel
- Both changes effective August 7, 2026
Individual Details:
Mr. P P Varma:
- DIN: Not provided in disclosure
- Experience: 39 years in steel plant operations
- Joined JSW Steel: May 31, 2004
- Previous roles: Head of Iron and Agglomeration Zone, Chief Operating Officer for Dolvi Plant
- Education: Bachelors of Technology (Mechanical) from IIT BHU (1987)
- Leadership: Part of Future Fit Leaders program at JSW Steel in 2017
Mr. S M Kumar:
- DIN: Not provided in disclosure
- Experience: 35 years in steel plant operations
- Joined JSW Steel: June 1, 2006
- Previous roles: Customer Services and Market Development, Quality Assurance, Operations Maintenance
- Education: Bachelors of Technology (Metallurgy) from IIT Madras (1991)
- Leadership: Part of Future Fit Leaders program at JSW Steel in 2017
Mr. Ashish Chandra:
- Resignation effective: Ceases as senior management August 7, 2026; relieved from services August 31, 2026 (last working day)
- Reason: Personal reasons and to pursue career opportunities outside JSW Group
- Formal resignation letter dated July 1, 2026 submitted to Joint Managing Director & CEO
Mr. B N S Prakash Rao:
- Transitioned from Plant Head - Salem Works to Head – Centre of Excellence for Alloy Steel
- Effective date: August 7, 2026
Relationships: No relationships between directors disclosed (not applicable as per annexures)
Confirmation of Eligibility: The appointments were made based on recommendation of Nomination & Remuneration Committee, indicating compliance with SEBI/BSE/NSE norms
Key Financial or Operational Approvals
No specific financial or operational approvals disclosed beyond the senior management appointments and transitions.
Strategic or Business Context
No specific business outlook, risks, trends, or strategic commentary provided in the disclosure.
Any Other Material Information
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Detailed information provided in Annexure A, B, and C
- Disclosure available on company website: www.jsw.in
- Signed by Manoj Prasad Singh, Company Secretary (in interim capacity)