Jindal Steel & Power Limited announced that at the board meeting held on July 15, 2022 approved the appointment of Mr. Ramkumar Ramaswamy and Mr. Sunil Kumar Agrawal, as Additional Directors in the category of Executive Directors of the Company with immediate effect. The said appointments were based upon the recommendation of the Nomination and Remuneration Committee of the Board of Directors of the Company. The company also informed that Mrs. Shallu Jindal, Non-Executive Director, has, in view of her pre-occupation and other commitments, decided to step down from the Directorship of the management of the Company.

Mr. Ramkumar Ramaswamy has been appointed as an Additional Director and Wholetime Director of the Company. Appointment is effective from July 15, 2022. Mr. Ramkumar Ramaswamy is a seasoned finance professional and brings with him a rich and varied experience of over 25 years, managing finance teams in high growth business environments, driving for growth in mature markets, driving business turnaround, long - term strategy development, designing and implementing governance, risk management and financial control frameworks, digital transformation, organizational design, large scale change management and coaching and leading teams in multi- cultural environments.

He brings with him rich functional experience across sales & marketing, supply chain, controllership, financial planning and analysis, treasury, investments, tax, shared services and digital transformation. Mr. Ramkumar has diverse industry experience spans across FMCG, Chemicals, Oil & Gas, metals, minerals, and natural resources. Mr. Sunil Kumar Agrawal has been appointed as an Additional Director and Wholetime Director of the Company.

Appointment is effective from July 15, 2022. Mr. Sunil Kumar Agrawal is a Chartered Accountant, having experience of close to 30 years in the Corporate Finance function. Mr. Agrawal joined the Company in May, 1993.

He has served for almost 30 years, having joined the machinery division of the Company initially, followed by the Mining division. Thereafter, Mr. Sunil Agrawal joined the Power division and served across various positions in the finance function. Presently, Mr. Sunil Agrawal is Head of Group Accounts for the Company, leading the accounting function and driving various key initiatives as a member of the finance team of the Company.