Jindal Steel Appoints New MD, CFO, COO, HR Head & Auditors; Reports Q1FY27 Results
Jindal Steel appointed Vidya Rattan Sharma as MD, Sandeep Modi as CFO, Rajiv Kumar as COO, and Sukhjit S. Pasricha as Head of HR, all effective July 24, 2026. S S Kothari Mehta & Co. LLP appointed as Statutory Auditors. Q1FY27 consolidated revenue ₹17,834 crore, Adjusted EBITDA ₹2,667 crore, PAT ₹844 crore.
The appointment of a new Managing Director, CFO, COO, and auditors are significant changes that can directly impact the company's strategic direction, financial management, and governance. The financial results provide crucial information for investors.
The appointment of key leadership roles and a new auditor, along with the reporting of financial results, indicates positive corporate actions and operational continuity. The financial results show a stable performance with healthy EBITDA.
Jindal Steel Limited announced significant leadership changes and financial results following a Board of Directors meeting held on July 24, 2026. The Board approved the Un-audited Financial Results for the first quarter and three months ended June 30, 2026, on both standalone and consolidated bases.
Key appointments include Mr. Vidya Rattan Sharma as Additional Director and Managing Director for a two-year term, effective July 24, 2026, subject to shareholder approval. Mr. Sandeep Modi has been appointed as the Chief Financial Officer (CFO), and Mr. Rajiv Kumar as Chief Operating Officer (COO). Additionally, Mr. Sukhjit S. Pasricha has been appointed as Head – Human Resources. These appointments are effective from July 24, 2026, based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.
Furthermore, S S Kothari Mehta & Co. LLP has been appointed as the new Statutory Auditors for a term from the conclusion of the 47th AGM until the conclusion of the 52nd AGM, subject to member approval. Following Mr. Sandeep Modi's appointment as CFO, Mr. Sunil Agrawal will step down from the interim CFO role but will continue to oversee the Finance function.
The company also reported its Q1FY27 financial results. Consolidated Gross Revenue stood at ₹17,834 crore, with Adjusted EBITDA at ₹2,667 crore and Profit After Tax (PAT) at ₹844 crore. Steel production was 2.40 MT, and steel sales were 2.23 MT for the quarter. The share of value-added steel increased to 66%.
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