Jindal Steel & Power Limited announced that the term of appointment of Mr. Naveen Jindal as Executive Director, designated as Chairman, is due to end on September 30, 2023. Mr. Naveen Jindal has chosen to continue on the Board in the capacity of Non-Executive Chairman, with effect from October 1, 2023. Accordingly, Mr. Naveen Jindal will be re-designated as Non-Executive Director of the Board, with effect from October 1, 2023.

As Non-Executive Director, Mr. Naveen Jindal shall not draw remuneration from the Company, except sitting fee for attending the meetings of the Board and its Committees; and compensation, if any, to be paid to Non-Executive Directors, from time to time.