Jayaswal Neco Industries Limited announced that at its board meeting held on February 11, 2023, took note of the retirement of Shri Pramod Kumar Bhardwaj from the position of Chief Financial Officer of the Company with effect from 24th February, 2023 (close of business hours); approved the appointment of Shri Kapil Shroff as the Chief Financial Officer of the Company with effect from 25th February, 2023. Shri Kapil Shroff is a Fellow member of the Institute of Chartered Accountants of India and DISA (ICA) and has more than 22 years of post-qualification work experience in the field of Finance & Accounts. He is working with Jayaswal Neco Industries Limited since 2004 and presently designated as President (Finance) since 1st April, 2017.

Macro Areas of Work Specialization: Entire domain of activities of Corporate Finance, Project Finance, Handling complex Underwritten and Syndicated financing transactions, hedging; Loans Cash Flow management, disbursal planning, Projects and Business Techno Economic Feasibility Reports, Lenders Engineers Quarterly Projects Progress Reports, CA Certification for Sources and Application of Funds and various other purposes CA certifications; Building Complex Detailed Financial Models and their Appraisal, Capital Budgeting, Variance Analysis; Working Capital Finances, handling lenders consortium, Joint Lenders Forum and Monitoring Committees, entire gamut of activities related to existing finances; Preparation of and Handling Board and Lenders presentations, handling representations to various Associations and Regulators; Handling Lenders Approvals for various business requirements, contracts execution etc.; Preparing and reviewing various Management Information Systems. Drafting and finalization of commercial contracts and their appraisal; Handling various stakeholders' relationship, Transactions Structuring, Handling Corporate, Legal, Financial and Technical Due Diligences; Handling Fixed Assets Valuation, Enterprise and Equity Valuation; Negotiation of complex term sheets, sanction letters, loan documentation, security documentations and perfection of security by way of Equitable Mortgage; Negotiation and finalization of Shareholders Agreement, Structuring and finalizing various types of Complex Debt Restructuring, Assets Acquisition, Handling Mergers, Demergers, and Schemes of Arrangements. Determination of Swap Ratios, Fairness Opinion Certification, Equity Placement; Handling variety of regulatory requirements, study and analysis of regulatory guidelines; Finalization of Notes to Accounts, Handling Statutory, Stock, Forensic, Credit, Legal and Concurrent Audits, Finalization of Accounts, Annual Report, handling critical litigation matters etc.; Handling Banks Loan External Credit Ratings, Internal Bank Loan Ratings, Residual Debt Ratings and Loan Appraisal Notes.