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Jindal Stainless Announces Postal Ballot to Re-Appoint 3 Independent Directors

Jindal Stainless Limited seeks shareholder approval via postal ballot for re-appointment of Shruti Shrivastava, Dr. Aarti Gupta and Ajay Mankotia as Independent Directors for second three-year terms.
Jindal Stainless Announces Postal Ballot to Re-Appoint 3 Independent Directors

Mumbai, February 23, 2026 Jindal Stainless Limited (BSE: 532508 | NSE: JSL) has informed the stock exchanges about the dispatch of its Postal Ballot Notice dated February 17, 2026, seeking shareholders’ approval for the re-appointment of three Independent Directors for a second consecutive term of three years.

The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

Key Resolutions Proposed

Shareholders are being asked to approve, by way of Special Resolution, the re-appointment of:

  1. Ms. Shruti Shrivastava (DIN: 08697973)

    • Second term: January 23, 2026 to January 22, 2029

  2. Dr. Aarti Gupta (DIN: 01668171)

    • Second term: July 12, 2026 to July 11, 2029

  3. Mr. Ajay Mankotia (DIN: 03123827)

    • Second term: July 12, 2026 to July 11, 2029

All three directors currently serve as Non-Executive Independent Directors and are not liable to retire by rotation. The Board approved their re-appointment based on recommendations of the Nomination and Remuneration Committee and after evaluating their performance, independence, and domain expertise.

 

 

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E-Voting Timeline & Process

  • Cut-off Date: February 13, 2026

  • Remote E-Voting Begins: February 24, 2026 (9:00 AM IST)

  • Remote E-Voting Ends: March 25, 2026 (5:00 PM IST)

  • Result Declaration: On or before March 27, 2026

The Company has appointed Mr. Kamal Gupta, Advocate, as Scrutinizer for conducting the postal ballot process in a fair and transparent manner.

In line with Ministry of Corporate Affairs (MCA) circulars, the Postal Ballot Notice is being sent only through electronic mode to members whose email IDs are registered.

The remote e-voting facility is being provided by MUFG Intime India Private Limited (formerly Link Intime India Pvt. Ltd.).

 

Board’s Recommendation

The Board of Directors has recommended shareholders to approve all three resolutions, stating that the directors:

  • Meet independence criteria under the Companies Act, 2013 and SEBI Listing Regulations

  • Bring strong expertise in corporate governance, finance, legal, taxation, investment strategy and compliance

  • Have contributed meaningfully during their first term

 

 

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Corporate Governance Focus

The move reflects Jindal Stainless’ continued emphasis on:

  • Strengthening board independence

  • Enhancing governance oversight

  • Maintaining regulatory compliance

  • Ensuring strategic continuity

The results of the postal ballot will be made available on the company’s website and communicated to stock exchanges.

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