Jayaswal Neco Industries Limited announced that the Extra-ordinary General Meeting of the Company was held on 21 December, 2023 announced the re-designation of Shri Arvind Jayaswal as Whole-time Director designated as 'Executive Chairman' of the Board. Approves the re-designation of Shri Ramesh Jayaswal as 'Managing Director' of the Company. To approve the appointment of Shri Sangram K. Swain as a Director of the Company.

Date of appointment/cessation and term of appointment With effect from 13 November, 2023. Shri Arvind Jayaswal Re-designated w.e.f. 25 November, 2023 on the same terms and condition as approved by the Shareholders of the Company on 24 March, 2023 through postal ballot where he was re- appointed as Managing Director for a period of 3 years i.e. from 01.01.2023 upto 31.12.2025. Re-designated w.e.f. 25 November, 2023 on the same terms and condition as approved by the Shareholders of the Company on 24 March, 2023 through postal ballot where he was re- appointed as Managing Director for a period of 3 years i.e. from 01.01.2023 upto 31.12.2025.

Shri Ramesh Jayaswal Re-designated w.e.f. 25 November, 2023 on the same terms and condition as approved by the Shareholders of the Company on 24 March, 2023 through postal ballot where he was re- appointed as Joint Managing Director for a period of 3 years i.e. from 01.01.2023 upto 31.12.2025. Shri Ramesh Jayaswal is associated as a Director of the Company since 1983. He is a Commerce graduate and has been associated with the Iron & Steel Business for over 34 years and looks after the implementation of new projects and other allied matters.

Shri Sangram K. Swain Mr. Sangram Keshari Swain has done graduation in Engineering (Metallurgy) from Government Engineering College, Raipur in the year 1991 and has more than 30 years of experience in the Steel Industry. He started his professional career in 1992 with Bhilai Wires Limited as Quality Control Engineer. Before joining Jayaswal Neco Industries Limited (JNIL) in 1995 he also worked in Midwest Iron & Steel Ltd. In JNIL he joined as Sr. Engineer (Operation)- Blast Furnace and achieved the level of Associate Director (Works & Mines).

During his association with JNIL, Steel Plant achieved higher Hot Metal Production in Blast Furnace, successful operation of Open-Cast & Underground Coal Mines. He exhibited strong Leadership Quality in making non-operative Iron Ore Mines located in politically disrupted area operative with a higher level of efficiency.