Nature of change: Appointment of Executive Director (Finance & Accounts) & Company Secretary
Name and DIN: Shri Mohit Malpani (DIN not provided in disclosure)
Effective date: October 2026 (following superannuation of previous holder in September 2026)
Brief profile: Mr. Mohit Malpani joined SAIL in August 1991 and has extensive financial leadership experience across multiple SAIL operations. He has served as Head of Finance at IISCO Steel Plant, Durgapur Steel Plant, Alloys Steel Plant, Jharkhand Group of Mines BSL, Collieries, and the Raw Material Division. He was also CFO of SAIL-RITES Bengal Wagon Industry Pvt. Ltd. (SRBWIPL), a joint venture between SAIL and RITES.
Key project experience: Played central role in financial appraisal of 4.0 MTPA Greenfield Expansion Project at IISCO Steel Plant, Burnpur; Demerger of SAIL's Raw Material Division; structuring of long-term pricing framework between SAIL and Coal India Limited (CIL); resolution of multi-decade commercial disputes with CIL subsidiaries and Jharkhand State Electricity Board (JSEB); and financial turnaround of SRBWIPL.
Digital transformation focus: Championed alignment of finance functions with strategic business objectives, focusing on financial robustness, operational efficiency, sustainable growth, and stakeholder value creation through prudent capital management, innovation, and technology integration.
Previous KMP: Shri M.B. Balakrishnan, ED(F&A) & Company Secretary, superannuated in September 2026.
